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American Dollar Forecast Directory - Page #130

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

Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

22 Feb 2024 at 6 AM - Written by David Woodsmith

STORY LINK Pound Sterling Sentiment Split on Tax and Rate Cut Expectations, Holds 1.26 vs Dollar

The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2650, but has held above 1.2600 and settled around 1.2620 on Wednesday. Fiscal and monetary policy expectations will continue to have an important impact on the Pound with evidence of divergence tending to limit Pound buying. According to ING; “A softer dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

20 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best

The Pound to Dollar exchange rate (GBP/USD) moved above the 1.2600 level on Tuesday. As the dollar dipped lower, GBP/USD posted 2-week highs just below 1.2670 before settling just below 1.2650. According to Scotiabank there is no sign of an imminent breakout with resistance around 1.2685; “Recent sterling losses towards 1.25 have...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar: "Squeeze Higher Towards 1.09 may Develop" say Scotiabank

20 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Euro to Dollar: "Squeeze Higher Towards 1.09 may Develop" say Scotiabank

The Euro to Dollar (EUR/USD) exchange rate edged just above the 1.08 level after the latest Euro-Zone wages data and advanced to 2-week highs around 1.0820 as narrow ranges again prevailed. Low volatility and solid equity markets have combined to curb potential dollar demand with markets waiting for the next major data...

CATEGORIES: Euro Dollar Forecasts

Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

19 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Tight FX Ranges Dominate Amid US Holiday, Pound to Dollar Rate Adrift

The Pound to Dollar (GBP/USD) exchange rate edged higher in early Europe on Monday with highs at 1.2630, but it failed to hold the gains and drifted lower later in the session with a move back below the 1.2600 level to trade around 1.2585. Overall trading conditions were notably subdued with US markets closed for the President’s Day...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

18 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months

ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground. Danske Bank, however, expects GBP/USD will weaken to 1.18 on the same timeframe. GBP/USD was held in tight ranges overall and traded just below 1.2600 after finding support above February...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Outlook: New Ranges 1.05-1.15 by End 2024

18 Feb 2024 at 9 AM - Written by John Cameron

STORY LINK Euro to Dollar Week Ahead Outlook: New Ranges 1.05-1.15 by End 2024

BNP Paribas currency analysts expect the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.15 at the end of 2024. Barclays, however, sees downside EUR/USD risks to their Q1 forecast of 1.05. The major US data releases were mixed during the week with a stronger than expected readings for consumer and producer prices while...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar: Support at 1.2530 "Looks Firm on Long-Term Chart"

17 Feb 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar: Support at 1.2530 "Looks Firm on Long-Term Chart"

The Pound to Dollar (GBP/USD) exchange rat briefly spiked higher after the UK retail sales data, but failed to hold the gains and retreated to near 1.2550 after stronger-than-expected US data. Strong UK data failed to boost the Pound and a sharp 1.3% advance for the FTSE 100 index also failed to provide support. As far as US data...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Forecast Revised HIGHER at Bank of America

15 Feb 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate Forecast Revised HIGHER at Bank of America

US Dollar Grip Loosens Slightly After Weaker US Retail Sales Data, GBP/USD Exchange Rate Holds Above February Lows The Pound posted limited losses after the latest UK GDP data before recovering some ground after the weaker-than-expected US retail sales data. The overall reaction was limited given that data also recorded a rebound in US...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Hurt by Contrasting UK and US Inflation Releases

14 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Dollar: Hurt by Contrasting UK and US Inflation Releases

The Pound to Dollar exchange rate fell back sharply for investors looking to sell Sterling on Wednesday. Inflation data on both sides of the Atlantic have been crucial over the past 24 hours. US inflation data for January was stronger than expected which inflicted further damage to hopes for an early Federal Reserve interest rate...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar 2024 Forecast: "A more constructive EUR trend should develop into Q2/Q3"

14 Feb 2024 at 8 AM - Written by Tim Boyer

STORY LINK Euro to Dollar 2024 Forecast: "A more constructive EUR trend should develop into Q2/Q3"

Dollar Surges to 3-Month Highs on Stronger Than Expected US Inflation Data, EUR/USD Exchange Rate Slides to Test 1.0700 Market expectations surrounding US interest rate cuts have faded throughout the past few weeks and the latest US inflation data triggered another sharp dip in expectations. The currency index overall hit 3-month...

CATEGORIES: Euro Dollar Forecasts

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