The Euro to Dollar exchange rate remains vulnerable to further losses and looks set to take another step towards the 1.05 level over the coming days, although Eurozone inflation on Friday could offer some relief.
September 25,2023
The British Pound has now been subjected to 11 weeks of relentless pressure against the Dollar and there is little to suggest the selloff is about to end with most analysts saying 1.20 will be targetted over the coming weeks, although near-term some stabilisation can be expected.
September 25,2023
"Is our EUR/USD target of 1.05 too optimistic?" asks Meera Chandan, FX Strategist at JPMorgan in a recent currency market update.
September 19,2023
"GBP/USD fell with the euro and has slipped below its 200-day average, which looks ominous" - Société Générale.
September 18,2023
Researchers at investment bank TD Securities have released a 'cheat sheet' that offers some insights into potential targets for the Euro-Dollar exchange rate (EURUSD) on the various outcomes likely to emerge from the European Central Bank's interest rate decision.
September 14,2023
EURUSD is forecast to extend over the coming days as analysts see few supportive scenarios on offer at the European Central Bank and the Dollar's bull run becomes increasingly entrenched.
September 12,2023
The Pound to Dollar exchange rate is said to be at risk of further losses in the short-term and even a positive UK labour market report on Tuesday would unlikely be enough to resist the broader Dollar trend.
September 11,2023
One of the most prominent banks on the U.S. Main Street has upgraded its stance for the U.S. Dollar over the remainder of 2023, although weakness is still expected to be a feature of 2024.
September 8,2023
The British Pound and Euro have reached the "end of the road" according to a new analysis from HSBC as analysts hail the return of the "king dollar".
September 8,2023
Barclays says in a new forecast revision it turns "less hopeful" on the British Pound's prospects, particularly against the Euro, Dollar and Swiss Franc.
September 5,2023
The Euro appears to have lost the initiative against the Dollar with the coming week potentially resulting in further losses for the Eurozone's single currency according to new studies.
September 4,2023
"The next area of possible support would be at around 1.242; if that doesn’t hold we could then see a reversion to the major low posted near the end of May, i.e. at 1.232 or so" - The Technical Trader.
September 4,2023
Pound Sterling appears vulnerable to losses against the Dollar over the coming weeks of September according to a new analysis released at the start of the new month.
September 1,2023
"Euro-dollar is likely to come under selling interest if U.S. data revive Fed hike expectations, but the pair’s fate will not only depend on the U.S. data," says Charalampos Pissouros, Senior Investment Analyst at XM.com.
August 30,2023
The U.S. Dollar can maintain its recent trend of appreciation helped by favourable seasonal trends and will be untroubled by a recent rating agency downgrade of U.S. debt, shows new research from JP Morgan.
August 8,2023
EURUSD's pullback from highs near 1.12 is no surprise to analysts at Commerzbank who reckon further near-term softness is justified, but the bank says it is sticking with forecasts that show a robust recovery by the time the new year is upon us.
August 4,2023
Analysts are scouring the charts for clues as to what the European Central Bank's most recent guidance and decision means for the Euro's outlook against the Dollar.
July 28,2023
It is too soon to bet against the Euro with Thursday's European Central Bank policy meeting likely to keep the door open to another interest rate hike in September, according to an analyst we follow.
July 25,2023
The Pound to Dollar exchange rate rose ahead of a key support level that must hold or risk a slide to 1.27, according to a new analysis.
July 25,2023
New technical analysis from City Index shows the Euro to Dollar exchange rate (EURUSD) can retreat in the near-term ahead of an extension of the broader rally, with a rare 'harmonic butterfly technical pattern being observed.
July 20,2023
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