Exchange Rate Forecasts

TD Securities has laid out its strategy scenario for the Euro to Dollar exchange rate (EURUSD) heading into the midweek Federal Reserve policy decision.

The Australian Dollar rally risks stalling shows a new analysis from Commonwealth Bank of Australia that reveals much will now depend on the nature of a planned stimulus plan in China.

The Euro extends a recovery against the Dollar ahead of this week's central bank meetings but analysts at Rabobank are not convinced the recovery will be sustained for a prolonged period.

The Euro to Dollar exchange rate has rebounded from near three-month lows in recent sessions and entered the new week on the front foot but U.S. inflation figures and interest rate decisions from the Federal Reserve (Fed) and European Central Bank (ECB) are just some of the factors that could undermine its recovery in the days ahead. 

The Swiss Franc should be in demand over the coming days say strategists at RBC Capital Markets and Barclays.

In a significant week for monetary policy, the U.S. dollar is poised to regain strength, with market analysts anticipating a positive trajectory.

GBPNZD has unwound overbought conditions, but momentum remains positive on most timeframes. Watch NZ current account and GDP data this week, UK jobs and GDP data also pose key risks.

GBPAUD momentum continues to fade, meaning risks are to the downside short-term.

GBP/EUR close to one-year high after European data deteriorates, little scope for data to lift Bank Rate expectations or GBP further.

The Euro to Dollar exchange rate (EURUSD) is still favoured to return back above 1.15, however, near-term Dollar strength will continue to frustrate any major recovery for some time yet.

The Canadian Dollar's path of least resistance is to go higher according to Toronto Dominion Bank (TD).

GBPUSD could be at risk of retreating back to 1.20 over the coming weeks according to a new technical analysis from Bank of America, however, nearer-term studies suggest further consolidation nearer 1.24.

The Pound to Euro exchange rate (GBPEUR) remains in an uptrend despite the setback seen at the start of the week.

A number of foreign exchange analysts we follow have over recent hours revealed research that shows the British Pound is set for a period of weakness as the UK economy enters a slowdown in the second half of the year, led by the housing market.

EURUSD is on course to test parity again according to analysis from Capital Economics.

GBPAUD remains in a multi-week uptrend, however, near-term turbulence inspired by Australia's central bank can offer opportunities in either direction.

Currency analysts at Credit Suisse predicted Pound Sterling's outperformance in recent months long before the majority of their peers in investment banking circles.

Pound Sterling is still screening overvalued and remains vulnerable to further losses according to strategists at one of Wall Street's largest banks.

EUR struggles on news Germany in recession, UK long-term yields fall following inflation data, but yield curve inversion can support GBP says ING.

JP Morgan has downgraded its growth forecasts for China in a development that offers support to the Dollar while weighing on the Euro which is highly sensitive to growth prospects in the world's second-largest economy.