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American Dollar Forecast Directory - Page #127

A round up of the latest American Dollar forecast news items from the Currency News desk.

Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets

27 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets

The choppy trend in currency markets continued in European trading on Friday with the Euro recovering from fresh 6-week lows to trade higher on the day. Stronger equities and hopes for concerted interest rate cuts this year helped support the Euro in global markets with the dollar unable to capitalise on evidence of firm US...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Outlook: Sterling Dips to test 1.2700 on Firm US GDP Data

26 Jan 2024 at 1 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Outlook: Sterling Dips to test 1.2700 on Firm US GDP Data

The latest UK data failed to provide further Pound support during Thursday. US releases overall were solid, but the main market move was a slide in the Euro as the Euro to dollar (EUR/USD) exchange rate dipped sharply to below 1.0850 after the ECB policy statement. The Pound overall was mixed on the crosses and Euro weakness dragged...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank

26 Jan 2024 at 1 PM - Written by John Cameron

STORY LINK Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank

ECB Lagarde Fails to Deliver Hawkish Rhetoric, EUR/USD Exchange Rate Retreats to near 1.0850 US data releases were mixed on Thursday while markets priced in slightly more interest rate cuts by the end of 2024 following the latest ECB policy decision and press conference. In this environment, the Euro drifted lower with the Euro to...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Outlook: "Another test of 1.28+ levels would not surprise" say Scotiabank

25 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: "Another test of 1.28+ levels would not surprise" say Scotiabank

Dollar and Pound Benefit from Upbeat Data, GBP/USD Exchange Rate Holds Below 10-Day highs The Pound to Dollar (GBP/USD) exchange rate jumped to highs at 1.2775 after stronger than expected UK PMI data, but the Pound was unable to hold gains and retreated to 1.2740 after US data also beat market expectations. The UK PMI manufacturing...

CATEGORIES: Pound Dollar Forecasts

US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

25 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

Bank of Canada Drops Talk of Higher Interest Rates, GBP/CAD Exchange Rate Hits 7-Week Highs The Bank of Canada held interest rates at 5.00% following the latest council meeting, in line with consensus forecasts. The bank provided no clear guidance on rates, but the Canadian dollar lost ground as the bank statement dropped references...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

24 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK HSBC Forecast: US Dollar Strength to Continue Against Euro, Pound Sterling

Pound Unable to Defy Stronger Dollar, GBP/USD Exchange Rate Retreats to 1.2650 The dollar lost ground during Tuesday’s Asian session as the yen posted gains, but the US currency rebounded strongly later in the day and USD/JPY traded around daily highs at 148.60 from lows at 147.00. Although Pound sentiment was firm after...

CATEGORIES: Pound Dollar Forecasts

New Zealand Dollar Outlook: Eventual NZD/USD gains say ANZ Analysts

24 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK New Zealand Dollar Outlook: Eventual NZD/USD gains say ANZ Analysts

China Hopes Rescue the New Zealand Dollar, GBP/NZD Exchange Rate Retreats from 2-Month Highs The New Zealand dollar initially remained under pressure on Tuesday amid another round of disappointing economic data and rate-cut speculation. Reports that the Chinese authorities were set to launch a support package for Chinese equities...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Equity Gains Underpin Sterling, Pound to Dollar Rate Holds Above 1.2700

23 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Equity Gains Underpin Sterling, Pound to Dollar Rate Holds Above 1.2700

Pound Sterling Forecast Update: The Pound to Dollar exchange rate edged above the 1.2700 level in Asia on Monday and held a firm tone during the day. The UK currency held a firm tone on the crosses and GBP/USD posted a net advance to 1.2725 after the Wall Street open despite a firm dollar. UK equities were able to make headway...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Forecast Ranges: 1.20 or 1.31 Within 12 Months?

21 Jan 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Dollar 2024 Forecast Ranges: 1.20 or 1.31 Within 12 Months?

Bank of America forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 on a 12-month view amid dollar losses and a more positive UK assessment. In contrast, HSBC expects that GBP/USD will weaken to 1.20 on dollar gains and UK vulnerability. The UK outlook will be very important, but market confidence in...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Forecast in 12 Months: 1.15 say BNP Paribas

21 Jan 2024 at 5 PM - Written by John Cameron

STORY LINK Euro to Dollar FX Forecast in 12 Months: 1.15 say BNP Paribas

Foreign exchange strategists at BNPP expect the Euro to Dollar exchange rate will strengthen to 1.15 at the end of 2024 as the dollar losses ground and the Euro is resilient in global markets. In contrast, HSBC expects that the pair will weaken to 1.05 as confidence in the Euro erodes again. The dollar was boosted during the week by...

CATEGORIES: Euro Dollar Forecasts

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