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American Dollar Forecast Directory - Page #137

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

Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

18 Dec 2023 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Dollar: Twelve-Month Forecasts Raised to 1.30 at Goldman Sachs

Goldman Sachs has raised its 12-month Pound to Dollar (GBP/USD) exchange rate forecast to 1.30 from 1.25 previously. Nordea, however, expects only marginal gains to 1.28 by June 2024. GBP/USD strengthened to challenge 3-month highs at 1.2790 before a slide to 1.2700 later on Friday as the dollar staged a recovery. Market...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

18 Dec 2023 at 9 AM - Written by John Cameron

STORY LINK Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

Where do foreign exchange analysts see the Euro (EUR) against the US Dollar (USD) next year (2024)? Commerzbank expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.15 by mid 2024 before fading. Morgan Stanley, however, expects that EUR/USD will weaken back to parity in Spring 2024. EUR/USD surged to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Forecast: "1.30 Could be the Surprise Package for Christmas" say ING

17 Dec 2023 at 7 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Forecast: "1.30 Could be the Surprise Package for Christmas" say ING

Pound Sterling Boosted by PMI Services-Sector Surprise, GBP/USD Exchange Rate Re-Tests 3-Month Highs The hawkish Bank of England rhetoric and a more dovish Federal Reserve policy stance has continued to provide net Pound support in global currency markets. The UK currency also secured a further kicker from stronger-than-expected PMI...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

15 Dec 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Sterling Outlook: "Period of GBP Strength Likely run its Course" say UBS

UK Pound Jumps on Hawkish Bank of England Hold at 5.25%, GBP/USD Exchange Rate Tests 3-Month Best The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% following the latest policy meeting which was in line with consensus forecasts. There was another 6-3 vote for keeping rates on hold as Haskel, Mann...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

15 Dec 2023 at 12 PM - Written by Frank Davies

STORY LINK Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

EUR/USD Exchange Rates Jump to 2-week Highs as ECB Rejects Talk of Lower Rates The dollar remained under pressure on Thursday and the Euro strengthened after the ECB policy decision. Given this combination, the Euro to Dollar (EUR/USD) exchange rate jumped to 2-week highs fractionally below 1.1000 before settling around...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

FED Rate Cut Tipped at 0.25% rate cut in June say Goldman Sachs

14 Dec 2023 at 2 PM - Written by Frank Davies

STORY LINK FED Rate Cut Tipped at 0.25% rate cut in June say Goldman Sachs

US Dollar Slumps on Fed Pivot Towards Rate Cuts, EUR/USD Exchange Rate Nears 1.09 Although the Federal Reserve policy decision was in line with expectations, the interest rate forecasts were more dovish than expected and Fed Chair Powell did little to push back against market pricing. Indeed, he was significantly more dovish than...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Rate Tipped to "Break below 1.2500" Today say ING

13 Dec 2023 at 9 PM - Written by James Fuller

STORY LINK Pound to Dollar Rate Tipped to "Break below 1.2500" Today say ING

GBP/USD Exchange Rates Dip after UK GDP Miss, Fed “Dot Plot” Crucial for Near-Term Direction Weaker-than-expected UK data undermined the Pound on Wednesday with the Pound to Dollar (GBP/USD) exchange rate retreating to 1.2510. Markets will speculate that there will be a more dovish Bank of England (BoE) policy. The dollar...

CATEGORIES: Pound Dollar Forecasts

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

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