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Daily Currency Updates

A round up of the latest daily currency updates from the Currency News desk.

Euro to Dollar Rate Still Eyeing the 1.10 level

21 Dec 2023 at 7 AM - Written by Tim Boyer

STORY LINK Euro to Dollar Rate Still Eyeing the 1.10 level

The US Dollar (USD) posted gains against the Euro (EUR) ahead of Wednesday's New York open and again after the stronger-than-expected US consumer confidence data. The US currency, however, failed to hold the gains as markets continue to back an early interest rate cut by the Federal Reserve. The Euro to Dollar (EUR/USD) exchange...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

20 Dec 2023 at 5 PM - Written by Tim Boyer

STORY LINK Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

The Pound (GBP) posted sharp losses after weaker-than-expected UK inflation data. Following the data, markets priced in more aggressive Bank of England interest rate cuts while bond yields declined. The Pound-to-Euro (GBP/EUR) exchange rate retreated to 3-week lows just below 1.1540 before settling around 1.1550. Lower yields will...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

12 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

The Pound Euro exchange rate was unable to make headway on Friday, but did find support below the 1.1650 level and consolidated around 1.1665 on Monday as relatively narrow ranges prevailed. GBP/EUR hit 3-month highs last week, but was unable to break above 1.1700 on three separate occasions which helped trigger a limited...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

5 Dec 2023 at 8 AM - Written by Ben Hughes

STORY LINK Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

Markets remain convinced that US and ECB interest rates will not be increased further, especially with evidence of weakening inflation pressures. Markets are also confident that both central banks will cut interest rates next year. After jumping in Asia, gold posted sharp losses during the day which underpinned the dollar and the...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Euro-Dollar Unable to Hold Above 1.10, Slide in Euro-Zone Inflation Deters Further Buying

29 Nov 2023 at 5 PM - Written by James Fuller

STORY LINK Euro-Dollar Unable to Hold Above 1.10, Slide in Euro-Zone Inflation Deters Further Buying

The US Dollar (USD) was subjected to sharp selling against the Euro (EUR) on Tuesday following a more dovish speech from Federal Reserve Governor Waller. The Euro to Dollar (EUR/USD) exchange rate broke above the 1.1000 level with 3-month highs at 1.1018 before a retreat to 1.0975 on Wednesday amid weaker-than-expected Euro-Zone...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Euro Rate: Tipped to 1.1630 on Break Above 1.1550, say ING

27 Nov 2023 at 4 PM - Written by Ben Hughes

STORY LINK Pound to Euro Rate: Tipped to 1.1630 on Break Above 1.1550, say ING

The Pound to Euro exchange rate (GBP/EUR) has made headway on Monday and posted a 3-week high just above the 1.1540 level. Marke expectations surrounding potential Bank of England (BoE) rate cuts have been scaled back slightly in absolute terms and compared with the ECB which has underpinned the Pound. There is still an important...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Euro to Dollar Week Ahead Forecast: Three-Month Best as USD Pressured

21 Nov 2023 at 6 AM - Written by Frank Davies

STORY LINK Euro to Dollar Week Ahead Forecast: Three-Month Best as USD Pressured

The Euro to Dollar (EUR/USD) exchange rate has posted a three-month best just below 1.0950 as the dollar continued to lose ground and the Euro also received a positive surprise on the Italian credit rating. Danske Bank expects EUR/USD to test the 1.1000 level on a short-term view. According to Danske; “In the near-term, we still...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Dollar Rate Jumps to 2-Month Best Above 1.2400

15 Nov 2023 at 7 AM - Written by Frank Davies

STORY LINK Pound to Dollar Rate Jumps to 2-Month Best Above 1.2400

The Pound Sterling (GBP) moved to test the best exchange rate levels of two months against the US Dollar (USD) on Tuesday. Benign US inflation data was a key element in global markets on Tuesday with markets pricing out any further Fed rate hikes. In response, the dollar dipped sharply while risk appetite also improved sharply which...

CATEGORIES: Daily Currency Updates Pound Dollar Forecasts

Euro to Dollar Rate: EURUSD Retreats as Fed’s Powell Maintains Hawkish Stance

10 Nov 2023 at 8 AM - Written by Ben Hughes

STORY LINK Euro to Dollar Rate: EURUSD Retreats as Fed’s Powell Maintains Hawkish Stance

Hawkish Fed rhetoric pulled the Euro (EUR) lower against the US Dollar (USD) on Thursday and CIBC expects the currency pair will weaken further to 1.03 at the end of 2023. At the time of writing, the Euro to Dollar exchange rate (EUR/USD) traded at 1.06699. In a speech on Thursday, Federal Reserve Chair Powell stated that the...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

FX Insights 03 Nov 2023: Analysis, Economic, FX and Currency Forecasts

1 Nov 2023 at 10 AM - Written by Tim Boyer

STORY LINK FX Insights 03 Nov 2023: Analysis, Economic, FX and Currency Forecasts

Regularly updated with the week's most important commentary on the FX markets, central bank moves, and macroeconomic data: BoE Analysis, Pound Sterling - Lloyds Bank 03/11: Lloyds Bank notes a 6-3 MPC vote to maintain rates at 5.25%, with GDP growth forecasts reduced and concerns over inflation, but Barclays Research anticipates...

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