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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.

US Dollar Recovers After US Inflation Data, EUR/USD Unable to Hold 1.08

12 Dec 2023 at 10 PM - Written by David Woodsmith

STORY LINK US Dollar Recovers After US Inflation Data, EUR/USD Unable to Hold 1.08

After moving higher into Tuesday’s New York open, the Euro to Dollar (EUR/USD) exchange rate briefly spiked to highs at 1.0825 in immediate reaction to the US inflation data. There was notably choppy trading after the data with EUR/USD retreating to lows at 1.0760 before trading around 1.0790 in choppy trading. Interest rate...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Tech Outlook: “Short-term Price Movement Looks Mildly Positive" say Scotiabank

12 Dec 2023 at 10 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Tech Outlook: “Short-term Price Movement Looks Mildly Positive" say Scotiabank

Yield Spreads Edge Against the Pound After UK and US Data Releases, GBP/USD Exchange Rate Unable to Hold 1.2600 The Pound to Dollar (GBP/USD) exchange rate briefly spiked to 1.2615 after the latest US inflation data, but failed to hold the gains and quickly retreated to lows just below 1.2550 in choppy trading. The dollar drifted...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate Higher: Fed and BoE Higher for Longer Narrative Dominates Markets

11 Dec 2023 at 5 PM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Higher: Fed and BoE Higher for Longer Narrative Dominates Markets

The Pound to Dollar exchange rate hit highs at 1.2590 on Monday, before settling around 1.2570. Pound sentiment has improved, but the scope for gains is likely to be limited while the Federal Reserve maintains a determination to push back against market expectations of rate cuts. Goldman Sachs now has a 3 and 6-month GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar: Forecasts see "Downside risks for GBP/USD," say ING

9 Dec 2023 at 4 PM - Written by Tim Boyer

STORY LINK Pound to Dollar: Forecasts see "Downside risks for GBP/USD," say ING

Markets Consolidate Ahead of US Jobs Data, GBP/USD Exchange Rate at Risk of Testing 1.25 The Pound to Dollar (GBP/USD) exchange rate has been held in relatively narrow ranges during the past 24 hours with only a brief move above the 1.2600 level while there was support on approach to 1.2550. The pair consolidated around 1.2580 on...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

7 Dec 2023 at 9 AM - Written by John Cameron

STORY LINK Pound to Dollar 2024 Outlook: ECB to Slash Rates First, Then FED, BoE

US Dollar Resilient Despite Weak US Jobs Growth, GBP/USD Exchange Rate Held Close to 10-Day Lows The latest US data continued to point to a slowdown in the labour market and bond yields declined. The Pound, however, was unable to make headway, especially with weak UK data and Bank of England concerns over UK credit dynamics. The...

CATEGORIES: Currency Predictions Pound Dollar Forecasts Pound Sterling Forecasts

Euro to Dollar Forecast: 1.04 in Next 12 Months say Danske

7 Dec 2023 at 9 AM - Written by Tim Boyer

STORY LINK Euro to Dollar Forecast: 1.04 in Next 12 Months say Danske

Foreign exchange strategists at Danske Bank expect that the overall global profile will undermine the Euro while US out-performance is likely to continue. In this environment, the Euro to Dollar (EUR/USD) exchange rate is likely to grind lower next year. It is, however, wary over the potential for near-term EUR/USD gains and...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Forecast From Here: "GBP Likely to Trade in Range of 1.2505/1.2725" say UoB

6 Dec 2023 at 2 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Forecast From Here: "GBP Likely to Trade in Range of 1.2505/1.2725" say UoB

GBP/USD Exchange Rate Focus Remains on 1.2600 Support After Mixed US Data The US data failed to provide a decisive market trigger on Tuesday, although the bias remained for a tentative dollar recovery after a heavy sell-off during November. The Pound to Dollar (GBP/USD) exchange rate again bounced from 1.2600 support, but struggled...

CATEGORIES: Pound Dollar Forecasts

Pound to Australian Dollar Rate Posts 2-Week Highs above 1.92 on RBA Hold

6 Dec 2023 at 2 PM - Written by David Woodsmith

STORY LINK Pound to Australian Dollar Rate Posts 2-Week Highs above 1.92 on RBA Hold

Australian Dollar Dips as Reserve Bank of Australia Holds Rates at 4.35%, GBP/AUD Posts 2-Week Highs above 1.92 The Australian dollar dipped after the Reserve Bank of Australia (RBA) decision with the Australian dollar to US dollar (AUD/USD) exchange rate dipping to below 0.6600 and trading around 0.6580. The Pound to Australian dollar...

CATEGORIES: Pound Australian Dollar Forecasts

Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

5 Dec 2023 at 8 AM - Written by Ben Hughes

STORY LINK Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

Markets remain convinced that US and ECB interest rates will not be increased further, especially with evidence of weakening inflation pressures. Markets are also confident that both central banks will cut interest rates next year. After jumping in Asia, gold posted sharp losses during the day which underpinned the dollar and the...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Dollar Forecast: 1.31 by 2025 say BofA

3 Dec 2023 at 7 PM - Written by James Fuller

STORY LINK Pound to Dollar Forecast: 1.31 by 2025 say BofA

Bank of America expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 at the end of 2024. Goldman Sachs, however, expects that GBP/USD will weaken to 1.18 early next year and trade slightly below current levels at 1.25 in 12 months. Markets are now pricing in more aggressive Fed rate cuts during 2024 while...

CATEGORIES: Pound Dollar Forecasts

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