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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.

Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

8 Mar 2024 at 9 PM - Written by David Woodsmith

STORY LINK Dollar Slides after US Jobs Report, Pound Sterling Hits 7-Month Highs

The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was cooling. The data also reinforced expectations that the Federal Reserve would be in a position to cut interest rates in the first half of 2024. Market expectations of a June cut increased to near...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar End of Week Forecast: Fresh One-month High Above 1.2760

8 Mar 2024 at 11 AM - Written by John Cameron

STORY LINK Pound to Dollar End of Week Forecast: Fresh One-month High Above 1.2760

GBP/USD Edges Higher to Fresh 1-Month Highs, UK Growth Concerns Cap Gains The dollar has continued to lose ground on Thursday, driven to an important extent by a further decline in bond yields. The move was led by USD/JPY and, although the Pound has moved higher, it has underperformed other risk-orientated currencies with UK growth...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Hits a 1-Month Best Despite Lacklustre UK Budget

7 Mar 2024 at 9 AM - Written by James Fuller

STORY LINK Pound to Dollar Rate Hits a 1-Month Best Despite Lacklustre UK Budget

The UK budget failed to shift the dial on the Pound-Dollar exchange rate (GBP/USD) to any significant extent given that the headline measure of a cut in National Insurance rates had been flagged in advance. The Pound to Euro exchange rate retreated to 1.1680 before stabilising around 1.1685. The US data and Fed testimony had a...

CATEGORIES: Pound Dollar Forecasts

GBP/CAD Exchange Rate Posts 6-Month Highs on UK Budget Hopes

7 Mar 2024 at 9 AM - Written by Frank Davies

STORY LINK GBP/CAD Exchange Rate Posts 6-Month Highs on UK Budget Hopes

The Canadian dollar has been unable to make any headway in March amid concerns over the domestic economic outlook as higher interest rates bite. The Pound has held firm in global markets on hopes for a UK recovery. In this context, the Pound to Canadian dollar (GBP/CAD) exchange rate has hit 6-month highs just below the 1.7300 level on...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Dollar Forecast: GBP/USD Could Extend Gains to 1.2825

6 Mar 2024 at 6 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Forecast: GBP/USD Could Extend Gains to 1.2825

The Pound to Dollar (GBP/USD) exchange rate drifted ahead of Tuesday’s New York open and then finally broke above the 1.2700 level after slightly weaker-than-expected US data. GBP/USD posted 1-month highs at 1.2730 and held the gains. GBP/USD will now need to hold above 1.2700 into and through the major events on Wednesday with the...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: Fifth Time Lucky for GBP/USD Break of 1.2700?

5 Mar 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: Fifth Time Lucky for GBP/USD Break of 1.2700?

Pound Sterling has edged higher on Monday while the US Dollar has lost some ground against European currencies. The Pound to Dollar exchange rate (GBP/USD) has moved to test 1-week highs at the 1.2700 level after the New York open. GBP/USD has already tested the 1.2700 level four times in the last 10 days without being able to make...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: No Breakout yet

3 Mar 2024 at 3 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Week Ahead Forecast: No Breakout yet

Currency exchange analysts at MUFG and ING both expect that the Pound to Dollar exchange rate (GBP/USD) will trade just above 1.30 at the end of 2024 as the dollar loses ground. HSBC, however, expects GBP/USD to lose ground during the year. GBP/USD was unchanged on the week close to 1.2650. According to ING; “Continued investor...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative

3 Mar 2024 at 3 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative

Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of 2024. In contrast, Danske Bank is still backing dollar strength with a 12-month EUR/USD forecast of 1.04. EUR/USD was marginally stronger on the week, trading around 1.0830...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

2 Mar 2024 at 6 AM - Written by Ben Hughes

STORY LINK Pound Sterling Creeps Higher vs Dollar as US Yields Retreat

Thursday’s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar selling as US yields declined. The Pound to Dollar (GBP/USD) exchange rate edged higher to 1.2670. GBP/USD will need substantial month-end dollar selling to make a...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: "No obvious fundamental drivers" for Sterling’s Downturn

28 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Pound to Dollar: "No obvious fundamental drivers" for Sterling’s Downturn

The Pound to Dollar exchange rate (GBP/USD) came under pressure in early Europe on Wednesday and hit 5-day lows close to 1.2620 as equities moved lower. Scotiabank commented; “A mild bid for the USD generally yesterday developed a little more in overnight trade, largely reflecting weaker risk appetite as stocks in Asia and Europe...

CATEGORIES: Pound Dollar Forecasts

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