US Dollar Exchange Rate Forecasts

On a technical level Sterling/US Dollar seems to be heading back below 1.6000 which could pave the way to a possible bearish move towards 1.5800. Foreign Currency Market Update – GBP / USD Update The Pound to US Dollar exchange rate fell this morning as the ongoing sovereign debt crisis in Europe weakened UK Trade [...]

Economic data is thin on the ground this week which is likely to allow the US Dollar to strengthen as it benefits from its status a safe haven currency. Foreign Currency Market Update – GBP / USD Update The Pound has declined from its 8-month high against the US Dollar over the past week, as [...]

Looking ahead and the Pound to US Dollar exchange rate will largely be dictated by the threat of central bank intervention this week. Foreign Currency Market Update – GBP / USD Update The Pound rallied to its highest level in 7-months against the US Dollar on Monday reaching 1.6302. Sterling seems to have shrugged off [...]

Looking ahead at the week to come and UK Jobless Claims are predicted to have dropped slightly in March. Foreign Currency Market Update – GBP / USD Update The Pound to US Dollar exchange rate reached a 9-day high last week of 1.5985, but Sterling was unable to break through resistance levels in its attempt [...]

Looking ahead and this week sees Producer Price Index releases for both the US and the UK, plus Consumer Price Index figures for the US. Foreign Currency Market Update – GBP / USD Update The Pound to US Dollar exchange rate has fallen from last week’s 20-week high of 1.6062 to trade in a tight [...]

Looking ahead and a strong US Durable Goods Orders figure could boost the Dollar as it would suggest an improvement in household spending and consumer credit. Foreign Currency Market Update – GBP / USD Update The Pound to US Dollar exchange rate reached a four month high on Tuesday as the pair briefly breached the [...]

Foreign Currency Market Update – GBP / USD Update The Pound rallied to a 10-day high of 1.5914 against the US Dollar on Tuesday. Sterling’s strength came as a result of renewed optimism in the UK economy combined with a slight rise in risk appetite. GBP USD opened relatively low last week at around 1.5614, [...]