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American Dollar Forecast Directory - Page #132

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

Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?

2 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?

BoE Mirrors Fed Reluctance to Endorse Interest Rate Cuts, GBP/USD Rallies to 1.2700 The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% at the latest policy meeting which was in line with consensus forecasts. The BoE and Federal Reserve have rejected market pricing for interest rates and relatively...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

2 Feb 2024 at 10 AM - Written by Frank Davies

STORY LINK Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

EUR/USD Exchange Rate Slides to 7-Week Lows as Fed’s Powell Says March Rate Cut is Unlikely The dollar dipped at times following Wednesday’s Federal Reserve policy decision, but Chair Powell’s comments that a March rate cut was unlikely proved decisive and the dollar posted significant net gains. Risk appetite was also less...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

1 Feb 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound Sterling Treads Water vs US Dollar Ahead of Bank of England

Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open. Markets were monitoring event risk closely with two central bank positions over the next 24 hours. According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; "Markets are just...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling

31 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling

The Pound to dollar (GBP/USD) exchange rate dipped to 10-day lows on Tuesday following weaker-than-expected UK lending data and stronger-than-expected US job-openings data. The Euro did manage to make net gains against the dollar and GBP/USD recovered to 1.2685 around the European close. There was on-going caution ahead of...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

30 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

The Pound to Dollar (GBP/USD) exchange rate dipped to lows below 1.2670 before stabilising. Market conditions were subdued on Monday, especially with no data releases. Position adjustment ahead of this week’s central bank meetings was a key element with expectations of a more dovish Bank of England stance curbing Pound support,...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Week Ahead Forecast: Waiting for a Break

28 Jan 2024 at 3 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Week Ahead Forecast: Waiting for a Break

ING’s central case for the Bank of England (BoE) policy meeting is that the Pound to Dollar exchange rate will trade at 1.2700 with a possible range of 1.2650-1.2850 depending on the rate split and forward guidance. According to Scotiabank, the broader 1.26/1.2825 range for GBP/USD remains intact. GBP/USD was held in narrow ranges...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole

28 Jan 2024 at 3 PM - Written by David Woodsmith

STORY LINK Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole

Foreign currency experts at Credit Agricole predict that the Euro to Dollar exchange rate will weaken to 1.05 at the end of 2024. After initial hesitation and vulnerability with the threat of 1.0715/25, ING still expects that EUR/USD will strengthen to 1.15 by the end of 2024. EUR/USD dipped to 6-week lows just below 1.0815 during...

CATEGORIES: Euro Dollar Forecasts

Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets

27 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets

The choppy trend in currency markets continued in European trading on Friday with the Euro recovering from fresh 6-week lows to trade higher on the day. Stronger equities and hopes for concerted interest rate cuts this year helped support the Euro in global markets with the dollar unable to capitalise on evidence of firm US...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Outlook: Sterling Dips to test 1.2700 on Firm US GDP Data

26 Jan 2024 at 1 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Outlook: Sterling Dips to test 1.2700 on Firm US GDP Data

The latest UK data failed to provide further Pound support during Thursday. US releases overall were solid, but the main market move was a slide in the Euro as the Euro to dollar (EUR/USD) exchange rate dipped sharply to below 1.0850 after the ECB policy statement. The Pound overall was mixed on the crosses and Euro weakness dragged...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank

26 Jan 2024 at 1 PM - Written by John Cameron

STORY LINK Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank

ECB Lagarde Fails to Deliver Hawkish Rhetoric, EUR/USD Exchange Rate Retreats to near 1.0850 US data releases were mixed on Thursday while markets priced in slightly more interest rate cuts by the end of 2024 following the latest ECB policy decision and press conference. In this environment, the Euro drifted lower with the Euro to...

CATEGORIES: Euro Dollar Forecasts

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