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American Dollar Forecast Directory - Page #135

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

Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

10 Jan 2024 at 2 PM - Written by Frank Davies

STORY LINK Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

The Euro to Dollar (EUR/USD) exchange rate was unable to make further headway on Tuesday and gradually retreated to 1.0915 around the Wall Street open. The 10-year yield moved back above 4.00% and equities retreated which limited any risk of further dollar selling and EUR/USD was in no shape to test 1.10. The US NFIB small-business...

CATEGORIES: Euro Dollar Forecasts

GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

10 Jan 2024 at 2 PM - Written by John Cameron

STORY LINK GBP/USD FX Update: "January and February are typically good months for the Dollar" say ING

The Pound to Dollar exchange rate found support below 1.2700 on Monday and hit highs at 1.2765 around the European close. GBP/USD was unable to make further headway on Tuesday and retreated to 1.2720 as the dollar fought back in global markets. Risk appetite was also slightly more cautious with no follow through from strong...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

8 Jan 2024 at 7 AM - Written by Ben Hughes

STORY LINK Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD

MUFG forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.30 at the end of 2024. GBP/USD dipped to lows near 1.2600 before a recovery to just above 1.2700 and was resilient during the week. Consensus forecasts are for GBP/USD to trade at 1.29 at the end of 2024 amid a weaker dollar. Markets will be...

CATEGORIES: Pound Dollar Forecasts

MUFG: Euro to Dollar Rate Tipped to Strengthen to 1.14 by End-2024

8 Jan 2024 at 7 AM - Written by Frank Davies

STORY LINK MUFG: Euro to Dollar Rate Tipped to Strengthen to 1.14 by End-2024

MUFG foreign exchange analysts forecast that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.14 at the end of 2024. On a shorter-term view, MUFG forecasts EUR/USD at 1.08 at the end of the first quarter and other banks are also less confident that EUR/USD can advance in the short term. Scotiabank, for example, considers...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

4 Jan 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound Sterling Regains 1.27 Against the US Dollar on Strong UK Data

The Pound to Dollar exchange rate posted highs above 1.2725 after the UK data on Thursday before a retreat to 1.2660 in immediate response to the US data. Underlying Pound sentiment held firm which provided important underlying backing and GBP/USD regained the 1.2700 level into the European close. UK data helped underpin Sterling...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Rate Not in a Position to Challenge 1.10

4 Jan 2024 at 5 PM - Written by James Fuller

STORY LINK Euro to Dollar Rate Not in a Position to Challenge 1.10

The dollar was unable to make any headway against European currencies ahead of Thursday’s New York open, but posted tentative net gains following stronger than expected US jobs data. Following the US data, the Euro to Dollar (EUR/USD) exchange rate retreated to 1.0940 from 1.0970, but selling was limited as equities resisted...

CATEGORIES: Euro Dollar Forecasts

Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

3 Jan 2024 at 9 PM - Written by Tim Boyer

STORY LINK Soft US Data Fails to Derail USD, Pound to Dollar Rate Held Close to 1.2650

The Pound to Dollar exchange rate was trapped in narrow ranges ahead of Wednesday’s New York open and traded around 1.2720. Sterling did demonstrate some notable resilience on the crosses which also cushioned GBP/USD, but it struggled to make any headway, especially with less confident risk conditions and a vulnerable Euro. There...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast 2024: EUR/USD Retreats on January Blues

2 Jan 2024 at 8 PM - Written by John Cameron

STORY LINK Euro to Dollar Forecast 2024: EUR/USD Retreats on January Blues

The Euro to Dollar (EUR/USD) exchange rate posted a 5-month high just below 1.1140 on December 28th before a retreat to around 1.1040 on the final trading day of 2023. The Euro posted further sharp losses on Tuesday with EUR/USD dipping to just below the 1.1000 level. Seasonal elements will be potentially important with the Euro...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate Forecast Towards 1.20 say HSBC Analysts

2 Jan 2024 at 8 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Rate Forecast Towards 1.20 say HSBC Analysts

The Pound to Dollar (GBP/USD) exchange rate peaked at 4-month highs around 1.2830 on December 28th before a significant retreat to 1.2715 on Tuesday as the dollar regained some ground. Seasonal factors will be potentially significant with the dollar tending to weaken ahead of the year end and then regaining ground in January. UK...

CATEGORIES: Pound Dollar Forecasts

Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

24 Dec 2023 at 9 AM - Written by Frank Davies

STORY LINK Goldman Sachs: Pound Sterling Tipped at 1.35 vs Dollar in 12 months

Goldman Sachs now expects that the Pound will strengthen to 1.35 against the US Dollar by the end of 2024. HSBC analysts, however, are forecasting that GBP/USD exchange rate will weaken to 1.18 by the third quarter of 2024. There was choppy GBP/USD trading during the week with net gains to above 1.2700 as the dollar lost ground....

CATEGORIES: Currency Predictions Pound Dollar Forecasts

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