Currency News

Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #131

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

Strong US Inflation Data Trumps UK Wages Data, Pound to Dollar Rate Slides Below 1.2600

14 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Strong US Inflation Data Trumps UK Wages Data, Pound to Dollar Rate Slides Below 1.2600

The Pound to Dollar (GBP/USD) exchange rate posted robust gains after stronger-than-expected UK labour-market data, but this was more than reversed after hot US inflation data with a slide to 1.2590 from 1.2690 highs. According to Danske Bank; “Unless we see a notable turnaround in US data, we anticipate the USD to remain strong in...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: High Inflation Print Unlikely to Support Sterling

12 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: High Inflation Print Unlikely to Support Sterling

US Dollar and Pound Strangled Ahead of Key Inflation Releases, GBP/USD Exchange Rate Holds Above 1.2600 The Pound to Dollar (GBP/USD) exchange rate was unable to hold a brief move above the 1.2650 level on Monday and drifted lower to 1.2615 after the New York open. Position adjustment was a key element ahead of the US and UK data...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast 2024: Retreat to 1.05, Rebound to 1.15 by 2025?

11 Feb 2024 at 12 PM - Written by Frank Davies

STORY LINK Euro to Dollar Forecast 2024: Retreat to 1.05, Rebound to 1.15 by 2025?

Currency analysts at SocGen sees a risk that the Euro to Dollar exchange rate (EUR/USD) will slide to 1.05 if expectations of US Federal Reserve rate cuts are scaled back further. NatWest also sees the risk of a near-term retreat to 1.05, but forecasts a rebound to 1.15 by year-end as the Fed does cut interest rates. EUR/USD hit...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Week Ahead Forecast: "Modest Gains for GBP/USD" say Natwest

11 Feb 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Week Ahead Forecast: "Modest Gains for GBP/USD" say Natwest

NatWest analysts forecast that the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.30 at the end of 2024. RBC Capital Markets has raised its forecasts, but still expects GBP/USD will retreat to 1.24 at the end of the year. After a slide to 7-week lows near 1.2520 early in the week, GBP/USD recovered to 1.2635 at the end...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Low/mid 1.25s up Next?

9 Feb 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: Low/mid 1.25s up Next?

European currencies posted fresh losses on Thursday while the dollar posted net gains with a strong advance against the yen with USD/JPY breaking above the 149.00 level for the first time in over two months. In this environment, the Pound to Dollar (GBP/USD) exchange rate dipped back below the 1.2600 level to trade around...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: "Trend Dynamics Still Leaning GBP-Bearish" say Scotiabank Techs

7 Feb 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Dollar: "Trend Dynamics Still Leaning GBP-Bearish" say Scotiabank Techs

Positive Fundamentals Underpin the Pound, GBP/USD Exchange Rate Holds Above 1.2600 The Pound to Dollar (GBP/USD) exchange rate made further headway in Europe on Wednesday with a peak just above 1.2640. Firm domestic data provided net currency support, but UK equities lost ground later in the session and GBP/USD retreated to...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Forecasts: 1.07 in One Month, 1.05 in Three

5 Feb 2024 at 8 PM - Written by Tim Boyer

STORY LINK Euro to Dollar FX Forecasts: 1.07 in One Month, 1.05 in Three

US Dollar Extends Gains after US Prices Data, EUR/USD Exchange Rates Slide to 11-Week Lows The US data on Monday was again stronger than expected and, although there were still concerns that official data was overstating US strength, there was still further US gains, especially with European currencies again generally out of...

CATEGORIES: Euro Dollar Forecasts

Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast

5 Feb 2024 at 8 PM - Written by David Woodsmith

STORY LINK Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast

US Dollar Strength Dominates Markets, GBP/USD Exchange Rate Slides to 7-Week Lows The UK data was firm on Monday, but the Pound was unable to draw any benefit and the Pound to Dollar (GBP/USD) exchange rate posted further significant losses to 7-week lows at 1.2550. Dollar strength is liable to dominate for now unless there is...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: Short-Term Gains?

4 Feb 2024 at 12 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Short-Term Gains?

Where next for Sterling? Longer-term forecasts by MUFG show the Pound to Dollar exchange rate could strengthen to 1.31 at the end of 2024. In contrast, Rabobank has a 3-month forecast of 1.25 while Credit Agricole has an end-2024 forecast of 1.25. The Bank of England (BoE) pushed back against market expectations of an early cut in...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months

4 Feb 2024 at 12 PM - Written by David Woodsmith

STORY LINK Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months

Foreign currency experts at Danske Bank expect that the Euro to Dollar exchange rate to weaken towards 1.05 on a 12-month view. In contrast, MUFG expects EUR/USD will strengthen to 1.14 at the end of 2024. Dollar bears suffered a double setback during the week. Federal Reserve Chair Powell cast major doubts on the potential for an...

CATEGORIES: Euro Dollar Forecasts

Daily Market Updates

Major Currency Forecasts

Currency Pairs

Popular Currency Tags

Currency News Info

Currency Rates Today