Exchange Rate Forecasts

The Dollar will rebound if the Federal Reserve opts to stick with its guidance and cut interest rates by 25 basis points today, but strength will be shortlived according to one analysis.

USD/JPY briefly dipped below the 140 level on Monday before staging a recovery; however, one analysis suggests sub-140s is likely.

EUR/USD started the new week with fresh momentum as the market adjusts to the raised odds of a 50 basis point interest rate cut at the Federal Reserve on Wednesday.

We are seeing a solid gain for the Pound to Canadian Dollar exchange rate (GBP/CAD) at the start of a new week that brings with it a new four-year best for CAD buyers.

Look at the chart of the Pound to New Zealand Dollar exchange rate below; you will notice the blue line running along the top of the recent daily bars.

We forecast the Pound to struggle against the Australian Dollar in the week ahead owing to the strong likelihood that the Federal Reserve will cut interest rates by 50 basis points.

The setup behind the Euro to Dollar exchange rate (EUR/USD) is undeniably constructive, and there are good odds that the 2024 high will be tested either this week or next week.

The Pound to Dollar exchange rate could test the 2024 high at 1.3250 if the Federal Reserve cuts interest rates by 50 basis points this week.

We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact. Wednesday's Federal Reserve rate cut could prove supportive from a global perspective.

 USD/CAD as it sees a more resilient performance from the Canadian Dollar in the coming months by RBC.

The New Zealand Dollar is predicted to rise into the middle party of 2025 against most major currencies, according to a new update from economists at Westpac.

The Australian Dollar is predicted to strengthen against the Euro, Pound and U.S. Dollar over the next few months and through 2025, according to a major Australian lender.

The Euro's recovery against the Pound has suffered a setback, but technical analysts we follow say it is too soon to throw in the towel.

Euro-Dollar hasn't created a bearish reversal pattern to suggest that bullish trend has ended, according to a new analysis.

The Pound has once again failed at a key resistance area against the Canadian Dollar, and we predict a pullback in the coming week.

The technical and fundamental outlook advocates for further gains by Pound Sterling against the New Zealand Dollar in the coming week, according to our Week Ahead Forecast.

The Pound to Australian Dollar exchange rate (GBP/AUD) is forecast to break above a key resistance line in the coming week amidst falling commodity prices and soft investor sentiment.

The Euro looks to remain under pressure against the U.S. Dollar in the near term but expect volatility around Wednesday's U.S. inflation report and Thursday's European Central Bank (ECB) decision.

We forecast further losses for the Pound against the Dollar in the coming week, but we think downside will be limited to 1.3036.

Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week sees the domestic calendar come alive again.