US Dollar Forecast

The Euro to Dollar exchange rate can fade lower from recent highs over the coming days before taking another leg higher.

The Pound to Dollar exchange rate has entered a short-term uptrend that can extend over the coming days, particularly if UK service inflation figures disappoint on Wednesday.

Unsurprisingly, the EUR/USD has fallen back amid profit-taking after Wednesday’s data-driven rally. But with several key resistance levels broken, the path of least resistance remains to the upside.

Pound Sterling looks at risk of a near-term pullback and consolidation against the Dollar, but further gains the bigger picture is one of an increasingly bullish technical setup as indicators advocate for further advances.

The Dollar's April-May bout of weakness is a temporary phenomenon and the Euro to Dollar exchange rate can be expected to edge lower.

The Euro has now completed four consecutive weekly advances that speak of ongoing resilience which can continue if the midweek release of U.S. inflation and retail sales data underwhelms.

It's off the races for the Pound to Dollar exchange rate if Wednesday's U.S. inflation print undershoots expectations.

The Euro to Dollar exchange rate's downward bias is tipped by analysts to remain intact ahead of next week's important U.S. inflation release.

Investment bank Goldman Sachs has lowered its forecasts profile for the British Pound, saying expectations for future UK interest rate levels are less supportive than was previously the case.

The Pound to Dollar exchange rate's late-week slump is an ominous sign and points to the potential for losses in the coming days.

The Federal Reserve launched the Euro-Dollar higher, only to splatter it into a strong technical glass ceiling.

The Euro to Dollar exchange rate looks at risk of further weakness in the coming five days, particularly if Eurozone inflation data undershoots.

The Pound to Dollar exchange rate recovered last week but was unable to hold 1.25, and a hawkish Federal Reserve update and a strong payroll print could result in more of those gains being returned.

The Bank of England is turning dovish as there is further disinflation in the pipeline in the UK, which should keep the Pound under pressure.

The Euro to Dollar exchange rate is forecast to trade at higher levels this week, although the bigger picture remains one of weakness into the 1.05 level.

The Pound to Dollar exchange rate is forecast to recover recent losses in the coming week, with focus falling on UK PMI data and U.S. PCE inflation numbers.

The European Central Bank could be forced to raise interest rates again in 2024 should Middle East tensions escalate and energy prices spike, but analysts warn hikes would result in a weaker Euro.

Institutional analysts are revising lower their forecasts for the Euro against the Dollar following a recent reappraisal of where interest rates in the U.S. and Eurozone are headed in the coming months.

The Euro to Dollar exchange rate is on course to break below 1.05, according to a new analysis from Société Générale.

Last week's heavy losses for the Euro against the Dollar open the door to further declines in the coming days.