Exchange Rate Forecasts

New Zealand is witnessing one of the sharpest pullbacks in house prices in the developed world, and the currency won't be immune to the fallout says a leading Wall Street Bank.

Technical strategists at Swiss bank Julius Baer have closed all short U.S. Dollar short positions in the wake of recent price action.

"USD/CAD could be heading to 1.40" - City Index.

Foreign exchange strategists at a leading Australian bank say the Pound can extend its recent gains against the Australian Dollar.

"A more modest 25bp hike on March 23rd could prove some downside risks to GBP/USD - perhaps to the 1.16/18 area" - ING.

Improved sentiment saw Pound Sterling recover from its lowest levels since September and end February with a gain against the Euro, and March could see further gains according to some analysts we follow.

2023 will still be a year of New Zealand Dollar appreciation as the currency's recent trend of decline will prove temporary says one of New Zealand's major lenders.

The Euro to Dollar exchange rate entered the new week looking for a foothold near 2023 lows but at risk of a deeper corrective setback following broad gains for the greenback, which could be likely to keep many currency counterparts on the defensive in the days ahead.

The Pound to Dollar exchange rate has most recently succumbed to a broad rebound by the greenback that could be likely to constrain any attempted recoveries this week even if Sterling does itself manage to defy any further headwinds blowing in from across the Atlantic over the coming days. 

The Dollar can remain firm in the near-term but foreign exchange strategists at Standard Chartered say strength should likely be brief, allowing the likes of the Euro and Pound to resume a stalled uptrend.

GBP appreciates sharply aided by strong PMI data as improved political climate also bodes well, say analysts.

The Dollar is expected to maintain pressure on the Pound and Euro for the first half of 2023.

Foreign exchange strategists retain a cautious stance on Pound Sterling and see the potential for further weakness against the Euro over the short- to medium-term.

The Euro's ongoing decline against the Dollar has further to run say foreign exchange analysts at a leading international investment bank.

Deutsche Bank holds positive EUR/USD view for 2023.

2023 will be tough for GBP says Bank of America, but 2024 has silver linings.

The pullback in the Euro has further to run with strategists at Rabobank saying currency markets have further adjustments to make on account of the Federal Reserve's message on interest rates.

The British Pound could be in for a prolonged decline against the Euro say foreign exchange specialists at one of the world's largest foreign exchange prime dealers.

Recession looms for the New Zealand economy but the China-focussed and risk-sensitive New Zealand Dollar can still appreciate from current levels, according to economists at ANZ.

GBP/USD forecasts at Wells Fargo show 1.26 on horizon, EUR/USD to stay near current levels until H2.