US Dollar Forecast

GBPUSD has seen a setback recently, but the uptrend is not yet invalidated.

EURUSD short-term outlook deteriorates, ECB in focus on Thursday, look for pushback against cuts.

The Euro to Dollar exchange rate (EURUSD) looks set to struggle in 2024 and could disappoint those looking for a material fall in the Dollar.

There is the potential for a further slide in the value of the U.S. Dollar against the Yen before the retracement is complete and another run higher begins.

Bank of America's 2024 forecasts confirm it is more bearish on the U.S. Dollar than the consensus, with analysts saying Federal Reserve interest rate cuts "matter more for the market" than cuts at other central banks.

The Euro's rally against the Dollar suffered a setback last week, but the uptrend remains intact from a technical perspective, and a soft U.S. labour market report on Friday could offer a reboot.

GBPUSD has had a solid run of late, rising 3.87% in November, but the first full week of the new month could be characterised by consolidation as investors await Friday's all-important U.S. jobs report.

Pound Sterling could be set for further gains against the Dollar into year-end with one market professional saying the stage looks set for a 'Santa Rally'.

Strategists at international payments firm Convera say the month of December could bring with it a break above the key 1.28 level for the Pound to Dollar exchange rate (GBPUSD).

The Euro to Dollar exchange rate continues to exhibit signs of strength that can see it extend its short-term rally, according to Fawad Razaqzada, an analyst at City Index.

EURUSD momentum stays positive, further gains to 1.10 possible even as momentum appears to be waning short-term.

The Pound to Dollar exchange rate is tipped by analysts to extend its uptrend over the coming days, although a busy economic release calendar in the U.S. could trigger volatility.

The Euro to Dollar exchange rate had its best week since July last week, but analysts note the advance leaves the Eurozone's single currency looking overextended and at risk of setback over the coming days.

GBPUSD remains in a constructive technical setup that can see gains extend over the coming days which feature the Autumn Statement on Wednesday and the PMI survey for November on Thursday.

Broader patterns suggest a potential bull consolidation ahead of another push higher in the EUR.

Following a run of five consecutive daily losses, it is hard to describe Pound Sterling's outlook against the Dollar as anything but soft.

The British Pound could be on course to record a fourth successive daily loss and the technical setup advocates for further declines, according to a new analysis.

Divergence in the performance of Eurozone and U.S. economies is about to swing in favour of the Euro, according to new research from DNB Bank, which predicts a consumer-led recovery is about to take hold in Europe.

EURUSD's technical setup is bullish and advocates for further gains over the coming days, but progress will be tested by speeches from Jerome Powell and Christine Lagarde as well as some important German industrial production numbers.

GBPUSD's technical setup has improved notably following Friday's surge but any further upside progress will be tested by this week's UK GDP data release and speeches from the Bank of England's Andrew Bailey and the U.S. Federal Reserve's Jerome Powell.