US Dollar Forecast

The Pound is "in trouble" says an analyst at Société Générale, who is looking for a fresh decline in the Dollar to transpire.

EUR/USD is forecast to retreat back below the 1.0 level over coming weeks by analysts at Rabobank, the Dutch based international lender and investment bank.

Goldman Sachs have cut their forecasts for the Euro relative to the Dollar.

The Pound to Dollar exchange rate rallied to one month highs above 1.22 last week but the going could get tougher in the days ahead when it will navigate a minefield of U.S. economic data risks just as the shadow of the Bank of England (BoE) looms larger and larger over Sterling. 

"I reckon we will see the likes of GBP and EUR, currencies that have performed very poor so far this year, stage a recovery against the greenback".

Wells Fargo confirms the Dollar will remain dominant over coming weeks, but strength should wane from the first quarter of 2023.

The Euro to Dollar exchange rate will unlikely to make another test of July lows below parity this week says UniCredit.

The Euro to Dollar exchange rate this week touched parity but it has further to fall say analysts at one of the world's largest investment banks.

GBP/USD down 1.45 already this week, could be at 1.15 by end-July, Terms of Trade suggest parity even possible.

The Euro to Dollar exchange rate will remain under pressure until 2023 shows new research from UniCredit Bank.

"We maintain our view that the USD is likely to be stronger for longer" - Rabobank.

EUR/USD is likely going higher say currency strategists at Morgan Stanley who this week initiate a buy recommendation on the pair.

Seasonal factors could help extend a recent recovery in the Pound to Dollar exchange rate say foreign exchange analysts at Société Générale.

Foreign exchange strategists at Goldman Sachs say EUR/USD will leap 1.10 over coming months.

Danske Bank are the latest major financial institution to predict the Euro to Dollar exchange rate will fall to parity.

EUR/USD on course for 20 year lows says JP Morgan, as conditions remain ripe for USD appreciation and ECB rate hikes to offer scant support for EUR.

The Dollar should make a decisive turn lower by Autumn says Morgan Stanley, which would allow Pound Sterling and other major currencies to recover.

The Euro to Dollar exchange rate slipped to a fresh five year low last week but could attempt a corrective rebound in the days ahead if global markets find reasons for cheer in signs that China's most stringent 'lockdown' thus far may be nearing its end. 

The Pound to Dollar exchange rate has deepened an almost year-long downtrend but could attempt a corrective rebound this week if an easing of coronavirus-related restrictions in Shanghai is welcomed by global markets.

"EUR/USD is close to the 1.0340 key support, below which would see the prospect of parity become quite material" - ING.