US Dollar Forecast

EUR/USD in midst of bearish breakdown on charts and a loss of support near 1.1292 warns of further losses.

GBP/USD’s BoE driven rally stalled by resistance on charts at 1.3321, could prompt retest of 1.3167.

EUR/USD could see choppier trade this week as range-bound consolidation could be resolved by central bank policy decisions.

GBP/USD facing trifecta of downside risks that could stymie recovery & open up new lows.

The Dollar's run of strength that saw it dominate global FX markets in 2021 is not set to end soon, according to one of the largest lenders in the United States.

The Pound to Dollar exchange rate is on course for sub-1.30 readings according to new analysis, although another analyst at a major investment bank says any such move would prove fleeting.

"Peak EUR" has passed and further losses are likely in 2022 say foreign exchange strategists at Danske Bank, who have released their top trades for 2022.

EUR/USD attempting to stabilise above 1.1290, aided by global market weakness and risk aversion.

GBP/USD closes in on major supports at 1.3171 & 1.3153 on Fed pivot toward faster taper, possible earlier rate rises.

Foreign exchange strategists at Credit Suisse are holding onto their view that the Euro will head lower against the Dollar, saying the Federal Reserve won't "bail out investor sentiment".

Federal Reserve Chair Jerome Powell sent a lighting rod through financial markets on the final day of November when he said he no longer expects inflation to be temporary.

The Euro-Dollar exchange rate ended last week with a steamrolling rally alongside the safe-haven Swiss Franc and Japanese Yen but could struggle for further traction over the coming days if global markets stabilise and as coronavirus related risks mount on the European continent.

GBP/USD may rebound if global markets recover but lingering Fed policy risks likely to limit upside.

GBP is predicted to come under pressure against the Euro and Dollar ahead over coming weeks and months, with a more sustained recovery only likely in the second half of 2022.

The Pound to Dollar rate has attempted to stabilise above November’s new 2021 low and could be likely to correct higher over the coming days if uncertainty about a White House decision on the leadership of the Federal Reserve prompts a momentary retrenchment of the greenback.

GBP/USD in short-term relief, but downside risks remain.

EUR/USD could succumb to fresh 2021 lows in the wake of the Federal Reserve policy update, according to analysis released ahead of the central bank's November policy update.

Analysts at HSBC have said there are only one in three outcomes to Thursday's Bank of England policy meeting that might support Sterling upside.

Pound Sterling has retraced from the peaks of its October rally against the Dollar and further losses are possible over coming days, particularly if the Bank of England disappoints markets by shying away from raising interest rates.

The Pound can still advance in value against the Dollar says a leading strategist we follow, supported in part by the stimulatory fiscal impulse provided by this week's budget announcement, although for now gains will likely be capped ahead of next week's central bank updates.