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American Dollar Forecast Directory - Page #134

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

Euro-Dollar "Should Pressure Upper 1.08s in the Short Run" say Scotiabank

17 Jan 2024 at 8 AM - Written by Tim Boyer

STORY LINK Euro-Dollar "Should Pressure Upper 1.08s in the Short Run" say Scotiabank

Dollar Pares Gains After Shock US Survey, EUR/USD Attempts to Recover from 1-Month Lows The dollar posted net gains into Tuesday’s open with weaker risk appetite and higher US yields. Although it remained in positive territory, there was a retreat from intra-day highs after a shock US data release. The Euro to Dollar (EUR/USD)...

CATEGORIES: Euro Dollar Forecasts

GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

16 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

The Canadian dollar (CAD) was undermined by a weaker Bank of Canada (BoC) survey on Monday with businesses reporting increased recession risks. The Pound to Dollar (GBP/CAD) exchange rate strengthened to 1-month highs at 1.7120 before settling just above 1.7100. The US Dollar to Canadian dollar (USD/CAD) Exchange rate advanced to near...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Trapped in Narrow Ranges Near 1.0950

16 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Euro US Dollar (EUR/USD) Exchange Rate Trapped in Narrow Ranges Near 1.0950

The US Dollar has been trapped in narrow ranges on Monday with a firm underlying tone. The main move has been in the yen with the Dollar to Yen (USD/JPY) exchange rate surging to 145.90. As far as the Euro to Dollar (EUR/USD) exchange rate is concerned, it has settled just below 1.0950 with a slight negative bias and no challenge on...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

15 Jan 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate Outlook: Investors opt for safe haven Greenback

The Pound US Dollar (GBP/USD) exchange rate faced headwinds on Monday as a spell of gloomy trade buoyed the safe-haven US Dollar (USD) At the time of writing the GBP/USD was trading at $1.2718, down approximately 0.2% from this morning’s opening rate. US Dollar (USD) Exchange Rates Strengthen amid Cautious Trade The US Dollar...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

14 Jan 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound to Dollar 2024 Forecast Ranges: 1.18 or 1.30 by End of Year?

HSBC forecasts that the Pound to Dollar exchange rate will slide to 1.18 at the end of 2024. NatWest, however, expects a limited net gain for GBP/USD to 1.30. GBP/USD found support on dips during the week amid a decline in US yields, but secured only a marginal net gain to 1.2740. There were geo-political concerns following US...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Week Ahead Forecast: EUR/USD Holds Above Support

14 Jan 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: EUR/USD Holds Above Support

The dollar was unable to hold gains on Thursday despite the stronger-than-expected inflation data and also lost ground on Friday despite significant geo-political developments. The Euro to Dollar (EUR/USD) exchange rate found support below 1.0950 on Friday and was held in tight ranges with slight net gains to 1.0975, but no attack on...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Forecast: Buying on Dips Around 1.2720

11 Jan 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Dollar Forecast: Buying on Dips Around 1.2720

Stronger-than-expected US inflation data on Thursday triggered a dollar comeback in global currency markets. Overall risk conditions were less buoyant with significant UK losses and the Pound to Dollar (GBP/USD) exchange rate dipped to lows just below 1.2700 from highs close to 1.2780 ahead of the US open. There was buying on dips...

CATEGORIES: Pound Dollar Forecasts

US Dollar Outlook Improves After Stronger Than Expected US Inflation Data

11 Jan 2024 at 9 PM - Written by David Woodsmith

STORY LINK US Dollar Outlook Improves After Stronger Than Expected US Inflation Data

US consumer prices increased 0.3% for December compared with consensus forecasts of a 0.2% increase with the year-on-year increasing to 3.4% from 3.1% and above expectations of 3.2%. Core prices increased 0.3% on the month which was in line with expectations, although the year-on-year rate retreated to 3.9% from 4.0% and slightly above...

CATEGORIES: American Dollar Forecasts

Australian Dollar 2024-2025 Forecast: AUD/USD to Strengthen to 0.71 say MUFG

11 Jan 2024 at 2 PM - Written by David Woodsmith

STORY LINK Australian Dollar 2024-2025 Forecast: AUD/USD to Strengthen to 0.71 say MUFG

The Pound to Australian dollar (GBP/AUD) exchange rate challenged 3-week highs at 1.9025 in immediate response to the latest inflation data, but there was a sharp retracement later in the session with GBP/AUD dipping to 1.8940 before settling around 1.8965. The Australian dollar to US dollar (AUD/USD) exchange rate traded just above...

CATEGORIES: Australian Dollar Forecasts

Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

11 Jan 2024 at 2 PM - Written by Tim Boyer

STORY LINK Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

The Euro to Dollar (EUR/USD) exchange rate was again held in tight ranges during Wednesday. EUR/USD found support just above 1.0920, but secured only a brief move above the 1.0950 level. There were no significant US developments during the day with an absence of market-moving factors. According to Scotiabank; “there is little...

CATEGORIES: Euro Dollar Forecasts

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