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American Dollar Forecast Directory - Page #131

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

Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10

20 Dec 2023 at 5 PM - Written by Frank Davies

STORY LINK Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10

The Euro to Dollar exchange rate (EUR/USD) has been held below 1.10, but found support below 1.0900 on Monday and advanced to 1.0935 on Tuesday with relatively narrow ranges prevailing. Federal Reserve and ECB policy decisions, as well as market pricing, will be crucial factors. Goldman Sachs expects the Fed and ECB will both be...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Exchange Rate: 1.32 in Twelve Months

20 Dec 2023 at 10 AM - Written by Frank Davies

STORY LINK Pound to Dollar Exchange Rate: 1.32 in Twelve Months

The Pound Sterling (GBP) posted significant gains against the US Dollar (USD) during Tuesday, while the overall trading performance has been more mixed. Wednesday’s inflation data will be an important indicator of underlying sentiment. There have been no major data releases, but Bank of England rhetoric has remained hawkish and...

CATEGORIES: Pound Dollar Forecasts

Canadian Dollar Underpinned by Jump in Oil Prices

19 Dec 2023 at 9 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Underpinned by Jump in Oil Prices

GBP/CAD Exchange Rate Dips to 5-Week Lows Higher oil prices helped underpin the Canadian dollar on Monday and markets remain confident over Federal Reserve rate cuts in the first half of 2024. The US Dollar to Canadian dollar (USD/CAD) exchange rate dipped to 4-month lows at 1.3350 before a recovery to 1.3400. The Pound to Canadian...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

18 Dec 2023 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

18 Dec 2023 at 9 AM - Written by John Cameron

STORY LINK Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

Where do foreign exchange analysts see the Euro (EUR) against the US Dollar (USD) next year (2024)? Commerzbank expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.15 by mid 2024 before fading. Morgan Stanley, however, expects that EUR/USD will weaken back to parity in Spring 2024. EUR/USD surged to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Forecast: "1.30 Could be the Surprise Package for Christmas" say ING

17 Dec 2023 at 7 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Forecast: "1.30 Could be the Surprise Package for Christmas" say ING

Pound Sterling Boosted by PMI Services-Sector Surprise, GBP/USD Exchange Rate Re-Tests 3-Month Highs The hawkish Bank of England rhetoric and a more dovish Federal Reserve policy stance has continued to provide net Pound support in global currency markets. The UK currency also secured a further kicker from stronger-than-expected PMI...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

15 Dec 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

UK Pound Jumps on Hawkish Bank of England Hold at 5.25%, GBP/USD Exchange Rate Tests 3-Month Best The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% following the latest policy meeting which was in line with consensus forecasts. There was another 6-3 vote for keeping rates on hold as Haskel, Mann...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

15 Dec 2023 at 12 PM - Written by Frank Davies

STORY LINK Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

EUR/USD Exchange Rates Jump to 2-week Highs as ECB Rejects Talk of Lower Rates The dollar remained under pressure on Thursday and the Euro strengthened after the ECB policy decision. Given this combination, the Euro to Dollar (EUR/USD) exchange rate jumped to 2-week highs fractionally below 1.1000 before settling around...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

FED Rate Cut Tipped at 0.25% rate cut in June say Goldman Sachs

14 Dec 2023 at 2 PM - Written by Frank Davies

STORY LINK FED Rate Cut Tipped at 0.25% rate cut in June say Goldman Sachs

US Dollar Slumps on Fed Pivot Towards Rate Cuts, EUR/USD Exchange Rate Nears 1.09 Although the Federal Reserve policy decision was in line with expectations, the interest rate forecasts were more dovish than expected and Fed Chair Powell did little to push back against market pricing. Indeed, he was significantly more dovish than...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate Tipped to "Break below 1.2500" Today say ING

13 Dec 2023 at 9 PM - Written by James Fuller

STORY LINK Pound to Dollar Rate Tipped to "Break below 1.2500" Today say ING

GBP/USD Exchange Rates Dip after UK GDP Miss, Fed “Dot Plot” Crucial for Near-Term Direction Weaker-than-expected UK data undermined the Pound on Wednesday with the Pound to Dollar (GBP/USD) exchange rate retreating to 1.2510. Markets will speculate that there will be a more dovish Bank of England (BoE) policy. The dollar...

CATEGORIES: Pound Dollar Forecasts

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