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American Dollar Forecast Directory - Page #128

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

Pound US Dollar Exchange Rate Sold Above 1.2700

21 Jan 2024 at 4 PM - Written by Ben Hughes

STORY LINK Pound US Dollar Exchange Rate Sold Above 1.2700

The Pound to Dollar (GBP/USD) exchange rate dipped after the latest UK retail sales data, although it was broadly resilient, especially with uncertainty over Bank of England policy. It also secured some support from net gains in equities and consolidated close to 1.2680 at Friday’s New York open. GBP/USD was, however, again unable to...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: "Short-term Charts Reflect Better Selling Pressure Above 1.27"

19 Jan 2024 at 10 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: "Short-term Charts Reflect Better Selling Pressure Above 1.27"

The Pound to Dollar (GBP/USD) exchange rate briefly moved above the 1.2700 level in early Europe on Thursday, but failed to hold the gains. Traders Buying Dollar Dips, GBP/USD Unable to Hold 1.2700 Despite Solid UK Data Pound sentiment held firm amid evidence of stronger housing data and a re-pricing of Bank of England interest rate...

CATEGORIES: Pound Dollar Forecasts

Commerzbank: "Our expected correction in the EUR is probably likely to take some time"

18 Jan 2024 at 7 AM - Written by Toni Johnson

STORY LINK Commerzbank: "Our expected correction in the EUR is probably likely to take some time"

US Dollar Advances Further After US Retail Sales Data, EUR/USD Exchange Rate Hits Fresh 1-Month Lows The Euro was broadly resilient ahead of Wednesday’s New York open before dipping again after the latest US retail sales data. The Euro to Dollar (EUR/USD) exchange rate retreated to fresh 1-month lows at 1.0850 and will continue to...

CATEGORIES: Euro Dollar Forecasts

Euro-Dollar "Should Pressure Upper 1.08s in the Short Run" say Scotiabank

17 Jan 2024 at 8 AM - Written by Tim Boyer

STORY LINK Euro-Dollar "Should Pressure Upper 1.08s in the Short Run" say Scotiabank

Dollar Pares Gains After Shock US Survey, EUR/USD Attempts to Recover from 1-Month Lows The dollar posted net gains into Tuesday’s open with weaker risk appetite and higher US yields. Although it remained in positive territory, there was a retreat from intra-day highs after a shock US data release. The Euro to Dollar (EUR/USD)...

CATEGORIES: Euro Dollar Forecasts

GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

16 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

The Canadian dollar (CAD) was undermined by a weaker Bank of Canada (BoC) survey on Monday with businesses reporting increased recession risks. The Pound to Dollar (GBP/CAD) exchange rate strengthened to 1-month highs at 1.7120 before settling just above 1.7100. The US Dollar to Canadian dollar (USD/CAD) Exchange rate advanced to near...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Trapped in Narrow Ranges Near 1.0950

16 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Euro US Dollar (EUR/USD) Exchange Rate Trapped in Narrow Ranges Near 1.0950

The US Dollar has been trapped in narrow ranges on Monday with a firm underlying tone. The main move has been in the yen with the Dollar to Yen (USD/JPY) exchange rate surging to 145.90. As far as the Euro to Dollar (EUR/USD) exchange rate is concerned, it has settled just below 1.0950 with a slight negative bias and no challenge on...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

15 Jan 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

The Pound US Dollar (GBP/USD) exchange rate faced headwinds on Monday as a spell of gloomy trade buoyed the safe-haven US Dollar (USD) At the time of writing the GBP/USD was trading at $1.2718, down approximately 0.2% from this morning’s opening rate. US Dollar (USD) Exchange Rates Strengthen amid Cautious Trade The US Dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

14 Jan 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

HSBC forecasts that the Pound to Dollar exchange rate will slide to 1.18 at the end of 2024. NatWest, however, expects a limited net gain for GBP/USD to 1.30. GBP/USD found support on dips during the week amid a decline in US yields, but secured only a marginal net gain to 1.2740. There were geo-political concerns following US...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Forecast: EUR/USD Holds Above Support

14 Jan 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: EUR/USD Holds Above Support

The dollar was unable to hold gains on Thursday despite the stronger-than-expected inflation data and also lost ground on Friday despite significant geo-political developments. The Euro to Dollar (EUR/USD) exchange rate found support below 1.0950 on Friday and was held in tight ranges with slight net gains to 1.0975, but no attack on...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Forecast: Buying on Dips Around 1.2720

11 Jan 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Dollar Forecast: Buying on Dips Around 1.2720

Stronger-than-expected US inflation data on Thursday triggered a dollar comeback in global currency markets. Overall risk conditions were less buoyant with significant UK losses and the Pound to Dollar (GBP/USD) exchange rate dipped to lows just below 1.2700 from highs close to 1.2780 ahead of the US open. There was buying on dips...

CATEGORIES: Pound Dollar Forecasts

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