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American Dollar Forecast Directory - Page #138

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

Pound to Dollar Rate: Goldman Sachs Stay Negative on Sterling Outlook

24 Oct 2023 at 7 AM - Written by John Cameron

STORY LINK Pound to Dollar Rate: Goldman Sachs Stay Negative on Sterling Outlook

Foreign exchange analysts at Goldman Sachs maintain a negative stance on the Pound to Dollar (GBP/USD) exchange rate due to relative monetary policies and economic prospects. At the time of writing, the Pound to Dollar exchange rate (GBPUSD) traded at 1.2273. The bank considers that there will need to be a reversal in current trends...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate: Slide in risk Appetite saps Sterling Support

22 Oct 2023 at 10 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Rate: Slide in risk Appetite saps Sterling Support

Foreign exchange strategists at Commerzbank expect the Pound to Dollar (GBP/USD) exchange rate to edge lower to 1.20 at the end of 2023 with only a tentative recovery to 1.22 at the end of next year. ING sees scope for a stronger recovery to 1.29 at the end of 2024 amid dollar losses. Risk appetite has deteriorated further during...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Rate: Rebounds from 2-Week Lows

20 Oct 2023 at 6 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate: Rebounds from 2-Week Lows

The Pound to Dollar (GBP/USD) exchange rate remained under pressure in early Europe on Thursday and dipped sharply to 2-week lows below the 1.2100 level. Markets drew some limited reassurance from Fed Chair Powell's comments later in the day and GBP/USD recovered to 1.2180. Overall risk conditions and Middle East fears suggest that...

CATEGORIES: Pound Dollar Forecasts

Pound to Dollar Forecast: "Push Above 1.2225 Resistance Needed to lift GBP" say Scotiabank

18 Oct 2023 at 10 PM - Written by John Cameron

STORY LINK Pound to Dollar Forecast: "Push Above 1.2225 Resistance Needed to lift GBP" say Scotiabank

Geo-Political Fears Undermine the Pound Exchange Rates The latest UK inflation data maintained an important element of uncertainty surrounding Bank of England policies. With no decisive UK lead, Sterling markets overall have been focussed on Middle East fears and safe-haven dollar demand. The Pound to Dollar (GBP/USD) exchange...

CATEGORIES: Pound Dollar Forecasts

Euro to Dollar Forecast: 1.02 in Three Months say Rabobank

17 Oct 2023 at 9 PM - Written by John Cameron

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

US Economy Continues to Out-Perform, Rabobank Maintains 3-Month EUR/USD Exchange Rate Forecast of 1.02 A key feature for bond and currency markets is that the US economy continues to outperform Europe and this is continuing to benefit the dollar. According to Rabobank; “We maintain a forecast of EUR/USD 1.02 on a 3-month...

CATEGORIES: American Dollar Forecasts Euro Forecasts

Sterling Pushed Lower, Pound to Dollar Rate Trades Below 1.2150

17 Oct 2023 at 9 PM - Written by Toni Johnson

STORY LINK Sterling Pushed Lower, Pound to Dollar Rate Trades Below 1.2150

Transatlantic Economic Data Releases Push the Pound Lower, GBP/USD Exchange Rate Trades Below 1.2150 The combination of slightly weaker-than-expected UK wages data and a firm US retail sales release pushed the Pound to Dollar (GBP/USD) exchange rate below the 1.2150 level and a weak UK inflation release could drive further losses towards...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling Slides vs Euro, Dollar as Wages Data Reinforces Peak Bank Rates

17 Oct 2023 at 12 PM - Written by James Fuller

STORY LINK Pound Sterling Slides vs Euro, Dollar as Wages Data Reinforces Peak Bank Rates

Pound Sterling (GBP) was able to make headway against the Euro (EUR) and Dollar (USD) on Monday with significant support from gains in UK and global equities. With a slightly softer US currency, the Pound to Dollar (GBP/USD) exchange rate secured net gains to around 1.2215. The latest data on UK wages was slightly weaker than expected...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to New Zealand Dollar Forecast: GBP/NZD Slides from 3-Week Best

16 Oct 2023 at 9 PM - Written by Frank Davies

STORY LINK Pound to New Zealand Dollar Forecast: GBP/NZD Slides from 3-Week Best

The Pound to New Zealand Dollar exchange rate (GBP/NZD) hit 3-week highs near 2.0660 on Friday amid risk aversion. The New Zealand election result and hopes for Chinese support measures triggered a reversal on Monday with GBP/NZD sliding to test the 2.0500 area. Crucial GBP/NZD support does not emerge until the 2.0275-2.0300 area. In...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

16 Oct 2023 at 9 PM - Written by David Woodsmith

STORY LINK Pound to Dollar Rate News: Recovery to 1.221 but Sterling Traders on Edge

The Pound to Dollar (GBP/USD) exchange rate came under further pressure on Friday under the influence of a stronger dollar and weaker risk appetite. With position adjustment ahead of the weekend, GBP/USD dipped to lows at 1.2125 before stabilising. The Pound to Euro (GBP/EUR) exchange rate retreated to lows at 1.1540 and after a brief...

CATEGORIES: Pound Dollar Forecasts Pound Sterling Forecasts

Pound to Dollar Forecast: 1.22 in 12 months say Commerzbank

15 Oct 2023 at 4 PM - Written by Ben Hughes

STORY LINK Pound to Dollar Forecast: 1.22 in 12 months say Commerzbank

Currency strategists at ING forecast that the Pound to Dollar exchange rate will strengthen to 1.28 on a 12-month view, primarily under the influence of a weaker dollar. The bank, however, has dropped its previous forecast of a move above 1.30 while Commerzbank expects GBP/USD will make no real progress and forecasts a rate of 1.22 in 12...

CATEGORIES: Pound Dollar Forecasts

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