Exchange Rate Forecasts

There are definite signs of a weakening trend in the Pound to New Zealand Dollar exchange rate and technicals are increasingly pointing to lower outcomes.

The Euro to Dollar exchange rate can fade lower from recent highs over the coming days before taking another leg higher.

The Pound to Dollar exchange rate has entered a short-term uptrend that can extend over the coming days, particularly if UK service inflation figures disappoint on Wednesday.

Pound Sterling risks a setback against the Euro if the midweek release of UK inflation undershoots expectations and Eurozone PMI figures better those from the UK on Thursday, as some analysts expect.

Unsurprisingly, the EUR/USD has fallen back amid profit-taking after Wednesday’s data-driven rally. But with several key resistance levels broken, the path of least resistance remains to the upside.

Pound Sterling looks at risk of a near-term pullback and consolidation against the Dollar, but further gains the bigger picture is one of an increasingly bullish technical setup as indicators advocate for further advances.

Royal Bank of Canada says it has once again lowered its forecast profile for the Canadian Dollar.

The Dollar's April-May bout of weakness is a temporary phenomenon and the Euro to Dollar exchange rate can be expected to edge lower.

The Pound and Canadian Dollars find themselves in similar positions: both currencies have been weighed down of late by the suspicion their respective central banks are going to cut interest rates in June.

The Pound to Australian Dollar exchange rate risks further declines in the coming days amidst a soft technical setup and potential downside risks to U.S. inflation.

The New Zealand Dollar starts the new week on a soft footing following news inflation expectations in New Zealand have fallen, increasing the odds that the Reserve Bank of New Zealand can cut interest rates later this year.

The Euro has now completed four consecutive weekly advances that speak of ongoing resilience which can continue if the midweek release of U.S. inflation and retail sales data underwhelms.

It's off the races for the Pound to Dollar exchange rate if Wednesday's U.S. inflation print undershoots expectations.

After two consecutive weeks of decline, the Pound to Euro exchange rate will need a strong wage print to end this week in the green.

National Bank of Canada says the Canadian Dollar's trend of depreciation is likely to continue owing to economic weakness in Canada, the prospect of lower interest rates and a "CAD-unfriendly" federal budget.

Commonwealth Bank of Australia has lowered its forecasts for the Australian Dollar against the Dollar and Pound, but holds onto its view that the "next big move" in the Aussie will "be up rather than down".

The Euro to Dollar exchange rate's downward bias is tipped by analysts to remain intact ahead of next week's important U.S. inflation release.

GBP/CAD's near-term technical outlook is "shaping up positively", according to a new analysis.

Investment bank Goldman Sachs has lowered its forecasts profile for the British Pound, saying expectations for future UK interest rate levels are less supportive than was previously the case.

The Pound's near-term setup against the Canadian Dollar is one of consolidation but with an eventual upside bias.