US Dollar Forecast

Dollar-Yen is on course to test 155 as the differential between U.S. and Japanese bond yields advocates for further advances and the Bank of Japan shows a tolerance for a weakening Yen.

The Euro's resilience against the Dollar will fade with recent strength not reflecting the fundamental differences between the U.S. and Eurozone economies.

The downtrend in the Pound to Dollar exchange rate (GBPUSD) is not complete, according to a new technical analysis conducted by Société Générale.

EURUSD remains supported from technical perspective, Eurozone inflation is key Eurozone risk event.

EURUSD technical increasingly constructive, Eurozone PMIs could offer a boost Tuesday, the ECB eyed on Thursday.

GBPUSD technical outlook is improved, but key test comes on Tuesday with PMI release.

One of Europe's largest banks has taken a knife to its forecast for the Euro to Dollar exchange rate (EURUSD), however, the exchange rate is still expected to appreciate as 2024 gets underway.

EURUSD short-term technicals positive, but be wary of the USD trend rebooting.

GBPUSD short-term outlook remains positive, but strength to be limited given broader USD dynamics.

"We maintain a bearish view on the GBP/USD outlook even if the selling looks quite extended on all time frames. If there is a bounce to be seen, this is likely to be short-lived. We reckon the cable could be heading to 1.20 and possibly 1.18 in the weeks ahead."

The Euro is tipped to recover in a decisive fashion against the Dollar as the U.S. Federal Reserve still looks on course to 'outcut' the European Central Bank (ECB) in 2024.

Analysis of the world's most comprehensive dataset on how investors are positioned on foreign exchange markets suggests the Euro could be on track to test parity with the Dollar once more.

EURUSD upside correction can extend, Gains to 1.0675/1.0725 possible.

The Euro could be set to bounce against the Dollar and rise over the coming weeks, however, those wanting a strong Euro should be agile as the rally is expected to be short-term in nature.

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.

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.

"Is our EUR/USD target of 1.05 too optimistic?" asks Meera Chandan, FX Strategist at JPMorgan in a recent currency market update.

"GBP/USD fell with the euro and has slipped below its 200-day average, which looks ominous" - Société Générale.

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.

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.