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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.

US Dollar Outlook Improves After Stronger Than Expected US Inflation Data

11 Jan 2024 at 9 PM - Written by David Woodsmith

STORY LINK US Dollar Outlook Improves After Stronger Than Expected US Inflation Data

US consumer prices increased 0.3% for December compared with consensus forecasts of a 0.2% increase with the year-on-year increasing to 3.4% from 3.1% and above expectations of 3.2%. Core prices increased 0.3% on the month which was in line with expectations, although the year-on-year rate retreated to 3.9% from 4.0% and slightly above...

CATEGORIES: American Dollar Forecasts

Australian Dollar 2024-2025 Forecast: AUD/USD to Strengthen to 0.71 say MUFG

11 Jan 2024 at 2 PM - Written by David Woodsmith

STORY LINK Australian Dollar 2024-2025 Forecast: AUD/USD to Strengthen to 0.71 say MUFG

The Pound to Australian dollar (GBP/AUD) exchange rate challenged 3-week highs at 1.9025 in immediate response to the latest inflation data, but there was a sharp retracement later in the session with GBP/AUD dipping to 1.8940 before settling around 1.8965. The Australian dollar to US dollar (AUD/USD) exchange rate traded just above...

CATEGORIES: Australian Dollar Forecasts

Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

11 Jan 2024 at 2 PM - Written by Tim Boyer

STORY LINK Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

The Euro to Dollar (EUR/USD) exchange rate was again held in tight ranges during Wednesday. EUR/USD found support just above 1.0920, but secured only a brief move above the 1.0950 level. There were no significant US developments during the day with an absence of market-moving factors. According to Scotiabank; “there is little...

CATEGORIES: Euro Dollar Forecasts

Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

10 Jan 2024 at 2 PM - Written by Frank Davies

STORY LINK Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

The Euro to Dollar (EUR/USD) exchange rate was unable to make further headway on Tuesday and gradually retreated to 1.0915 around the Wall Street open. The 10-year yield moved back above 4.00% and equities retreated which limited any risk of further dollar selling and EUR/USD was in no shape to test 1.10. The US NFIB small-business...

CATEGORIES: Euro Dollar Forecasts

GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

10 Jan 2024 at 2 PM - Written by John Cameron

STORY LINK GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

The Pound to Dollar exchange rate found support below 1.2700 on Monday and hit highs at 1.2765 around the European close. GBP/USD was unable to make further headway on Tuesday and retreated to 1.2720 as the dollar fought back in global markets. Risk appetite was also slightly more cautious with no follow through from strong...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

8 Jan 2024 at 7 AM - Written by Ben Hughes

STORY LINK Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

MUFG forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.30 at the end of 2024. GBP/USD dipped to lows near 1.2600 before a recovery to just above 1.2700 and was resilient during the week. Consensus forecasts are for GBP/USD to trade at 1.29 at the end of 2024 amid a weaker dollar. Markets will be...

CATEGORIES: Pound Dollar Forecasts

MUFG: Euro to Dollar Rate Tipped to Strengthen to 1.14 by End-2024

8 Jan 2024 at 7 AM - Written by Frank Davies

STORY LINK MUFG: Euro to Dollar Rate Tipped to Strengthen to 1.14 by End-2024

MUFG foreign exchange analysts forecast that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.14 at the end of 2024. On a shorter-term view, MUFG forecasts EUR/USD at 1.08 at the end of the first quarter and other banks are also less confident that EUR/USD can advance in the short term. Scotiabank, for example, considers...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

4 Jan 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

The Pound to Dollar exchange rate posted highs above 1.2725 after the UK data on Thursday before a retreat to 1.2660 in immediate response to the US data. Underlying Pound sentiment held firm which provided important underlying backing and GBP/USD regained the 1.2700 level into the European close. UK data helped underpin Sterling...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Rate Not in a Position to Challenge 1.10

4 Jan 2024 at 5 PM - Written by James Fuller

STORY LINK Euro to Dollar Rate Not in a Position to Challenge 1.10

The dollar was unable to make any headway against European currencies ahead of Thursday’s New York open, but posted tentative net gains following stronger than expected US jobs data. Following the US data, the Euro to Dollar (EUR/USD) exchange rate retreated to 1.0940 from 1.0970, but selling was limited as equities resisted...

CATEGORIES: Euro Dollar Forecasts

Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

3 Jan 2024 at 9 PM - Written by Tim Boyer

STORY LINK Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

The Pound to Dollar exchange rate was trapped in narrow ranges ahead of Wednesday’s New York open and traded around 1.2720. Sterling did demonstrate some notable resilience on the crosses which also cushioned GBP/USD, but it struggled to make any headway, especially with less confident risk conditions and a vulnerable Euro. There...

CATEGORIES: Pound Dollar Forecasts

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