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American Dollar Forecast Directory - Page #133

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

Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

3 Dec 2023 at 7 PM - Written by Ben Hughes

STORY LINK Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

Foreign currency strategists at Morgan Stanley expect that the Euro to Dollar (EUR/USD) exchange rate will slide to parity by the end of the first quarter of 2024. Wells Fargo expects that the dollar will lose ground in 2024 with the Euro to Dollar (EUR/USD) exchange rate at 1.11 at the end of 2024. There was choppy dollar and Euro...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

The Pound to Dollar: Forecasts see Possible Gains to 1.2745, say UoB

1 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK The Pound to Dollar: Forecasts see Possible Gains to 1.2745, say UoB

UK and Global Inflation Pressures in Focus, GBP/USD Exchange Rate Finds Support at 1.2600 European currencies have been generally on the back foot on Thursday as the dollar has secured a net recovery in global markets, but with some Pound resilience in evidence amid fears over sticky UK inflation. The Pound to Dollar (GBP/USD)...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro-Dollar Retreats, Where Next? December EUR/USD Outlook

1 Dec 2023 at 7 AM - Written by Ben Hughes

STORY LINK Euro-Dollar Retreats, Where Next? December EUR/USD Outlook

The Euro to Dollar (EUR/USD) exchange rate came under significant pressure after Thursday’s European open as further evidence of a sharp decline in Euro-Zone inflation reinforced expectations of an early cut in ECB interest rates. EUR/USD retreated to lows just below 1.0910 ahead of the New York open before stabilising. Month-end...

CATEGORIES: Euro Dollar Forecasts

Euro US Dollar Exchange Rate: Corrective Retreat after Euro-Zone Inflation Data

30 Nov 2023 at 1 PM - Written by David Woodsmith

STORY LINK Euro US Dollar Exchange Rate: Corrective Retreat after Euro-Zone Inflation Data

The Euro to Dollar exchange rate (EUR/USD) was subjected to a correction after failing to hold above the 1.10 level and there was further selling after Thursday’s European open. The inflation data from France, Spain and German came in well below expectations, reinforcing expectations of weak Euro-wide data. The headline Euro-Zone...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate Technical Outlook Remains Positive: Scotiabank

29 Nov 2023 at 6 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Technical Outlook Remains Positive: Scotiabank

The Pound to Dollar exchange rate held firm ahead of Tuesday’s New York open, but failed to make significant headway. GBP/USD did, however, spike higher following dovish comments from Fed Governor Waller. With risk conditions also improving, GBP/USD jumped to 12-week highs at 1.2710 as the Euro to Dollar (EUR/USD) exchange rate...

CATEGORIES: Pound Dollar Forecasts

Euro-Dollar Unable to Hold Above 1.10, Slide in Euro-Zone Inflation Deters Further Buying

29 Nov 2023 at 5 PM - Written by James Fuller

STORY LINK Euro-Dollar Unable to Hold Above 1.10, Slide in Euro-Zone Inflation Deters Further Buying

The US Dollar (USD) was subjected to sharp selling against the Euro (EUR) on Tuesday following a more dovish speech from Federal Reserve Governor Waller. The Euro to Dollar (EUR/USD) exchange rate broke above the 1.1000 level with 3-month highs at 1.1018 before a retreat to 1.0975 on Wednesday amid weaker-than-expected Euro-Zone...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

New Zealand Dollar Spikes on RBNZ Rate-Hike Warning

29 Nov 2023 at 5 PM - Written by Ben Hughes

STORY LINK New Zealand Dollar Spikes on RBNZ Rate-Hike Warning

The Reserve Bank of New Zealand (RBNZ) held interest rates at 5.50% at the latest policy meeting which was in line with consensus forecasts. The statement was, however, notably more hawkish than expected and the warning that interest rates may have to increase further trigger sharp New Zealand dollar gains. NZD/USD spiked to 16-week...

CATEGORIES: New Zealand Dollar Forecasts

"Big trade of this month has been long equities short dollar," says Monex Europe

29 Nov 2023 at 10 AM - Written by David Woodsmith

STORY LINK "Big trade of this month has been long equities short dollar," says Monex Europe

EUR/USD Exchange Rate Advances to Fresh 3-Month Highs, Traders Determined Test 1.10 The dollar lost ground into Tuesday’s New York open with the Euro to Dollar (GBP/USD) exchange rate advancing to fresh 3-month highs just below 1.0990 before a retreat to 1.0970. Confidence in a soft US landing remains high which has maintained...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Technical Forecast: "Positive Technical Undertone," say Scotiabank

27 Nov 2023 at 4 PM - Written by John Cameron

STORY LINK Pound to Dollar Technical Forecast: "Positive Technical Undertone," say Scotiabank

The Pound to Dollar exchange rate hit 12-week highs just above 1.2640 on Monday before consolidation around 1.2625. The relatively light economic calendar this week will tend to increase the importance of more technical factors. One significant element will be month-end trading. According to Barclays; “Our proprietary month-end...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar December 2023 Forecast: Tough Battle to Secure Further Gains

26 Nov 2023 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar December 2023 Forecast: Tough Battle to Secure Further Gains

Foreign currency analysts at ING and Unicredit both consider that Pound Sterling (GBP) gains against the US Dollar (USD) will be held to 1.28 at the end of 2024. Investment banks overall see little upside scope for the Pound to Dollar exchange rate. Those banks that expect the dollar to weaken also expect that the Pound will lose...

CATEGORIES: Pound Dollar Forecasts

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