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American Dollar Forecast Directory - Page #129

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

Euro to Dollar Outlook: "Scope for more broad-based USD strength"

28 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Euro to Dollar Outlook: "Scope for more broad-based USD strength"

The Euro to Dollar exchange rate (EUR/USD) was unable to hold above 1.0850 on Tuesday and edged lower later in the day despite weaker-than-expected US data. EUR/USD retreated further to test 1.0800 on Wednesday with markets expecting near-term inflation data to support the US currency. The dollar also gained an element of defensive...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Hits 2-Week Best vs New Zealand Dollar on Dovish RBNZ

28 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound Sterling Hits 2-Week Best vs New Zealand Dollar on Dovish RBNZ

The New Zealand dollar slumped following the Reserve Bank of New Zealand (RBNZ) interest rate decision with rates held at 5.50%. This was the consensus forecast, although a minority of banks had backed a rate hike and markets had priced in around a 23% chance of a hike. The New Zealand dollar to US dollar (NZD/USD) exchange rate...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound to Dollar Rate: "Struggled to Extend through 1.2700"

27 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate: "Struggled to Extend through 1.2700"

The Pound to Dollar exchange rate (GBP/USD) was again unable to break the 1.2700 level on Tuesday and retreated to near 1.2660 after the New York open before settling around 1.2675. GBP/USD needs to break 1.2700 to make further headway with markets looking at month-end trading to break the deadlock. The dollar secured a net gain...

CATEGORIES: Pound Dollar Forecasts

US Dollar Drifts Lower as Volatility Collapses, Pound Rate Edges Higher

26 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK US Dollar Drifts Lower as Volatility Collapses, Pound Rate Edges Higher

The Pound to Dollar (GBP/USD) exchange rate has edged higher during Monday, although the main feature has again been very narrow ranges with resistance at the 1.2700 level and consolidation around 1.2680. The dollar overall has drifted lower against European currencies with low volatility encouraging flows out of the US currency....

CATEGORIES: Pound Dollar Forecasts

New Zealand Dollar Retreats Ahead of Huge RBNZ Rate Decision This Week

26 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK New Zealand Dollar Retreats Ahead of Huge RBNZ Rate Decision This Week

The New Zealand dollar lost ground on Monday with a significant element of position adjustment ahead of Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision. The New Zealand dollar to US dollar (NZD/USD) exchange rate retreated to 0.6175 after failing to bear 0.6200 while the Pound to New Zealand dollar (GBP/NZD) exchange rate...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Euro to Dollar Forecasts Lowered at Commerzbank, Now Target 1.10 by End 2024

25 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Forecasts Lowered at Commerzbank, Now Target 1.10 by End 2024

Commerzbank has modestly lowered its EUR/USD forecasts due to a reassessment of US monetary policy, now anticipating fewer rate cuts than previously expected and the market currently prices in. “We now expect the EUR/USD exchange rate to be around 1.1000 at the end of 2024 (previously: 1.1200) and around 1.0800 at the end of 2025...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Ranges 1.25-1.137 in Nine Months

25 Feb 2024 at 9 AM - Written by Frank Davies

STORY LINK Pound to Dollar Week Ahead Forecast: Ranges 1.25-1.137 in Nine Months

Bank of America analysts expect the Pound to Dollar exchange rate (GBP/USD) to strengthen to 1.37 at the end of 2024. Credit Agricole sees scope for near-term Pound backing, but expects that GBP/USD will retreat to 1.25 at the end of the year. The main focus was on bond and equity markets during the week. There were strong gains on...

CATEGORIES: Pound Dollar Forecasts

Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

24 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Scotiabank: "Pound Sterling Has Work to do to Show Some Real Technical Strength"

The Pound to Dollar exchange rate (GBP/USD) has been able to make headway on Thursday, although there has been an element of head scratching over market trends and GBP/USD has not been able to regain the 1.2700 level. Wall Street posted strong gains on Thursday with a further surge in Nvidia pushing the S&P 500 index to a fresh record...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

23 Feb 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism

The Pound to Dollar exchange rate (GBP/USD) jumped to 20-day highs above 1.2700 in early Europe on Thursday, but failed to hold the gains and retreated sharply to around 1.2620. US data was mixed, but the narrative of strong US asset prices was reinforced by another round of strong Wall Street gains as the S&P 500 index posted a fresh...

CATEGORIES: Pound Dollar Forecasts

Euro Outlook: "Dollar Bid Next Couple of Weeks, Then Turning Lower in March"

23 Feb 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro Outlook: "Dollar Bid Next Couple of Weeks, Then Turning Lower in March"

The Euro (EUR) spiked higher after the French PMI business confidence data beat expectations with the Euro to Dollar exchange rate jumping to 20-day highs just below 1.0890. The subsequent data was less convincing with particular concern over the German manufacturing sector. Evidence of stronger inflation in the data also curbed...

CATEGORIES: Euro Dollar Forecasts

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