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American Dollar Forecast Directory - Page #141

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

Pound to Dollar Rate Jumps to 2-Month Best Above 1.2400

15 Nov 2023 at 7 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Jumps to 2-Month Best Above 1.2400

The Pound Sterling (GBP) moved to test the best exchange rate levels of two months against the US Dollar (USD) on Tuesday. Benign US inflation data was a key element in global markets on Tuesday with markets pricing out any further Fed rate hikes. In response, the dollar dipped sharply while risk appetite also improved sharply which...

CATEGORIES: Daily Currency Updates Pound Dollar Forecasts

Euro to Dollar Forecast 2024: Large Swings Around 1.08, say Nordea

12 Nov 2023 at 7 PM - Written by Ben Hughes

STORY LINK Euro to Dollar Forecast 2024: Large Swings Around 1.08, say Nordea

Foreign exchange strategists at Nordea expect that the Euro to Dollar exchange rate (EUR/USD) will fluctuate with large swings around 1.08 until the middle of 2024. Commerzbank expects EUR/USD will edge lower to 106 at the end of 2023 before a recovery to 1,12 in June 2024. In a panel discussion on Thursday, Federal Reserve Chair Powell...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Outlook: 1.22 by End-2024 say Nordea

12 Nov 2023 at 7 PM - Written by Frank Davies

STORY LINK Pound to Dollar Outlook: 1.22 by End-2024 say Nordea

Nordea foreign currency analysts predict that the Pound to Dollar exchange rate (GBP/USD) will make no headway and trade at 1.22 at the end of 2024. Bank of America expects the Pound will struggle in the short term, but expects a dollar retreat in 2024 will help trigger a GBP/USD rebound to 1.35 at the end of next year. After strong...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Euro to Dollar Rate: EURUSD Retreats as Fed’s Powell Maintains Hawkish Stance

10 Nov 2023 at 8 AM - Written by Ben Hughes

STORY LINK Euro to Dollar Rate: EURUSD Retreats as Fed’s Powell Maintains Hawkish Stance

Hawkish Fed rhetoric pulled the Euro (EUR) lower against the US Dollar (USD) on Thursday and CIBC expects the currency pair will weaken further to 1.03 at the end of 2023. At the time of writing, the Euro to Dollar exchange rate (EUR/USD) traded at 1.06699. In a speech on Thursday, Federal Reserve Chair Powell stated that the...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Dollar Rate: Forecast to Trade in 1.2180/1.2400 Range say UoB

9 Nov 2023 at 2 PM - Written by John Cameron

STORY LINK Pound to Dollar Rate: Forecast to Trade in 1.2180/1.2400 Range say UoB

The Pound to Dollar (GBP/USD) exchange rate posted dipped to lows just below 1.2245 on Wednesday before a recovering towards 1.2300. GBP/USD traded just above the 1.2300 level on Thursday as the dollar maintained a slightly softer tone and Bank of England (BoE) chief economist did not repeat comments that interest rates could be cut in...

CATEGORIES: Pound Dollar Forecasts

EUR/USD Tipped to "Return Towards 1.0600/1.0650 in Coming Days"

8 Nov 2023 at 3 PM - Written by Ben Hughes

STORY LINK EUR/USD Tipped to "Return Towards 1.0600/1.0650 in Coming Days"

After peaking just above 1.0750 on Monday, the Euro to Dollar exchange rate (EUR/USD) has lost ground steadily and retreated to 1.0660 on Wednesday before stabilising. According to ING; “EUR/USD may continue its gradual return towards 1.0600/1.0650 in the coming days.” Hawkish Fed rhetoric and Euro-Zone recession fears have...

CATEGORIES: Euro Dollar Forecasts

Pound to Dollar Outlook: "Corrective GBP Losses May Extend to Low/mid-1.22s" say Scotiabank

7 Nov 2023 at 7 PM - Written by Tim Boyer

STORY LINK Pound to Dollar Outlook: "Corrective GBP Losses May Extend to Low/mid-1.22s" say Scotiabank

The Pound to Dollar (GBP/USD) exchange rate posted notable losses on Monday and a recovery attempt failed on Tuesday with a retreat to just below the 1.2300 level. On a longer-term view with a vulnerable UK economy, Nordea expects that GBP/USD will be held to 1.24 at the end of 2025. Dollar moves will tend to dominate in the short...

CATEGORIES: Pound Dollar Forecasts

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

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