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American Dollar Forecast Directory - Page #136

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

Pound Australian Dollar (GBP/AUD) Exchange Rate Spikes Despite RBA Hike

7 Nov 2023 at 11 AM - Written by Toni Johnson

STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Spikes Despite RBA Hike

The Pound Australian Dollar (GBP/AUD) exchange rate spiked to the best conversion in a week after the Reserve Bank of Australia (RBA) increased interest rates to 4.35% at the latest policy meeting, in line with consensus forecasts. Despite a brief spike on the decision, the Australian currency declined sharply. The Australian dollar...

CATEGORIES: Pound Australian Dollar Forecasts

Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

6 Nov 2023 at 6 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: 3-Week Best as Jobs Data Undermines CAD

The Pound Canadian Dollar (GBP/CAD) exchange rate posted a 3-week high just above 1.6955 on Monday as overall risk appetite held firm. GBP/CAD surged on Friday as a jump in the Pound was amplified by a weaker Canadian currency following the latest domestic jobs data and extended gains on Monday. Both currencies gained support from...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Sterling: Largest Weekly Gain vs US Dollar Since October 2022

6 Nov 2023 at 6 PM - Written by Ben Hughes

STORY LINK Pound Sterling: Largest Weekly Gain vs US Dollar Since October 2022

Pound to Dollar (GBP/USD) Exchange Rate Consolidates Just Below 1.2400 After rallying strongly on Friday and posting the sharpest weekly gain for 12 months, the Pound to Dollar (GBP/USD) exchange rate posted 7-week highs just shy of 1.2430 on Monday. The UK PMI construction index edged higher to 45.6 for October from 45.0 the...

CATEGORIES: Pound Dollar Forecasts

US Dollar to Swedish Krona Rate: Sell USD/SEK at 10.98 target of 10.65, say MUFG

6 Nov 2023 at 3 PM - Written by James Fuller

STORY LINK US Dollar to Swedish Krona Rate: Sell USD/SEK at 10.98 target of 10.65, say MUFG

FX analysts at MUFG sees scope for at least limited krone relief, especially with the central bank continuing operations to sell foreign currencies to hedge foreign exchange reserves. The bank is also more cautious over the dollar outlook. According to the bank; “With the USD in the process of peaking out alongside US yields,...

CATEGORIES: American Dollar Forecasts

Euro to Dollar Forecast: Updated November 2023 FX EUR Predictions

5 Nov 2023 at 10 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Forecast: Updated November 2023 FX EUR Predictions

Currency analysts at Rabobank expect the rally seen in the Euro (EUR) against the US Dollar (USD) to fade quickly from here, and forecast a retreat to 1.02 on a 3-month view. MUFG expects the Euro US Dollar exchange rate to retreat to at least 1.05 by the end of 2023 before a strong rebound to 1.12 by the second quarter of 2024....

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Exchange Rate Hits Six-Week Best After US Jobs Data

4 Nov 2023 at 8 AM - Written by Toni Johnson

STORY LINK Pound to Dollar Exchange Rate Hits Six-Week Best After US Jobs Data

Friday's trade on foreign exchange markets saw the best Pound to Dollar exchange rate for UK buyers in six weeks. Weaker-then-expected US jobs data triggered a slide in US yields, US Dollar (USD) losses and strong gains for the Pound Sterling (GBP). There was also a further rally in risk appetite with strong gains in global...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Rate Forecast: 1.10 by Q1 2024, say MUFG

3 Nov 2023 at 7 AM - Written by Ben Hughes

STORY LINK Euro to Dollar Rate Forecast: 1.10 by Q1 2024, say MUFG

EUR/USD Exchange Rate Rally May be Premature Given US Data Flow, but 1.10 Predicted by Early 2024 MUFG forecasts that the Euro to Dollar (EUR/USD) exchange rate will weaken to 1.0450 at the end of 2023 as the US data remains firm. Nevertheless, the bank considers that Fed policy, the US economy and the dollar are all close to...

CATEGORIES: Euro Dollar Forecasts

Euro to Dollar Rate: 2024-2025 Forecast at 1.15 say BofA

1 Nov 2023 at 12 PM - Written by John Cameron

STORY LINK Euro to Dollar Rate: 2024-2025 Forecast at 1.15 say BofA

Foreign exchange analysts at Bank of America (BoA) are sticking with their end-2024/2025 Euro-Dollar forecast of 1.15 as the US economy deteriorates. At the time of writing, the Euro to US Dollar exchange rate traded at 1.0544 . It has also maintained its end-2023 forecast of 1.05, but looks at the potential risks which could...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound US Dollar Exchange Rate Firms

1 Nov 2023 at 6 AM - Written by John Cameron

STORY LINK Pound US Dollar Exchange Rate Firms

The Pound US Dollar (GBP/USD) exchange rate was choppy on Tuesday, ticking up overall, as an increased appetite for risk dented the safe-haven US Dollar (USD). At the time of writing the GBP/USD exchange rate was trading at $1.2193, up approximately 0.2% from Monday’s opening rate.   The Pound (GBP) gained some ground on...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Exchange Rate Forecast: 1.02 in Three Months, say Rabobank

31 Oct 2023 at 4 PM - Written by James Fuller

STORY LINK Euro to Dollar Exchange Rate Forecast: 1.02 in Three Months, say Rabobank

The Euro (EUR) exchange rates jumped higher on Monday, but faded sharply again on Tuesday and, according to Rabobank; “In our view, fundamental factors suggest that the EUR’s tenacity will be brief. We maintain a 3-month forecast of EUR/USD1.02.” According to foreign currency analysts at Rabobank, the US Dollar’s (USD)...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

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