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USD forecast

USD forecast: Dollar hovers at 10-month highs

The U.S. Dollar index remained stable around 106 on Tuesday, maintaining its highest levels in ten months as it followed the upward trend in US Treasury yields.
GBP forecast

GBP forecast: Cable heads for worst month since mini-budget

Cable slid below $1.22 on continued USD strength and weak PMI data, with analysts mostly bearish on sterling in their GBP forecasts.
Euro forecast

Euro forecast: EURUSD clings to 1.06 as dollar rally pauses

URUSD has fallen below $1.06 on pressure from the U.S. dollar, with analysts’ euro forecasts indicating potential short-term downside risks.
yen forecast

Yen forecast: USDJPY at 11-month lows, breaches 149 mark

USDJPY hit 11-month highs in trading on Tuesday, with yen forecasts saying the Bank of Japan may soon intervene to end yen weakness.
euro forecast

Euro forecast: EURUSD at 2023 lows, trading around 1.05

As EURUSD hovers around $1.05 on pressure from the U.S. dollar, analysts’ euro forecasts are indicating the currency may slip further.
USD forecast

USD forecast: Shutdown averted, dollar stays steady

With U.S legislators coming through with a last-minute deal to avoid a government shutdown, DXY traded around the 106 mark on Monday. USD forecasts mostly leaned towards strength.
Euro forecast

Euro forecast: EURUSD may test 1.05 due to dollar strength

The EURUSD pair may retest the $1.05 level at some point this week due to ongoing vulnerability, according to analysts’ euro forecasts.
yen forecast

Yen forecast: 150 in sight for USDJPY as stocks soar

Yen forecast: 150 in sight for USDJPY as stocks soar
USD forecast

USD forecast: Analysts say dollar headed for 108

With hawkish Fed rhetoric continuing to propel the dollar, analysts’ USD forecasts have pointed to 108 as the next potential target for the DXY.
AUD forecast

AUD forecast: RBA pause sends Aussie to 11-month lows

An interest rate pause by the RBA sent the Aussie to 11-month lows against the U.S. dollar, with analysts seeing further downside in their AUD forecasts.
yen forecast

Yen forecast: Intervention rumors move USDJPY from 150

A sudden rise in the Japanese yen on Tuesday sparked talk of intervention to prop up the JPY, but analysts’ yen forecasts remained bearish on the currency.
GBP forecast

GBP forecast: Analysts see cable on back foot to test 1.20

Despite the U.S. dollar’s recent retreat, analysts’ GBP forecasts remain skewed to the downside, forecasting cable to test 1.20 in the near future.
euro forecast

Euro forecast: Pause in dollar rally offers relief to EUR

EURUSD rose to trade above $1.05 on Thursday as the dollar rally took a breather. Analysts’ euro forecasts were mixed.
USD CAD forecast

USD/CAD forecast: Jobs in focus as loonie hits 6-month lows

The Canadian dollar hovered at 1.37 against the USD as markets waited for jobs data on Friday; analysts were mostly bullish in their USD/CAD forecasts.
USD forecast

USD forecast: Blowout U.S. jobs report buoys dollar

After U.S. nonfarm payroll report blew past market expectations on Friday, the trajectory for USD forecasts and the DXY index will likely remain upward.
USD forecast

USD forecast: Middle east conflict lifts safe-haven dollar

An outbreak of war in Israel has led investors to flock to the safe-haven U.S. dollar. Analysts' USD forecasts saw continued strength in the greenback.
Euro forecast

Euro forecast: Dovish Fed leads to uptick in EURUSD

The euro inched higher on Tuesday due to declining U.S. bond yields and dovish Federal Reserve remarks. Analysts’ euro forecasts were mixed.
Shekel

Shekel forecast: USDILS hits 2016 lows due to Gaza war

Analysts saw a weaker shekel in the medium term due to the war in Gaza. One USD to ILS forecast had the pair trading at 4.11 by early October 2024.
GBP forecast

GBP forecast: Cable continues rebound as USD retracts

Although pound sterling gained ground against the weakening U.S. dollar on Tuesday, analysts were cautious to revise their GBP forecasts upward.
USD forecast

USD forecast: Dollar up on hotter-than-expected CPI reading

Hotter-than-expected CPI figures saw the U.S. dollar index rise on Thursday, with the USD forecast projecting a largely positive dynamic in the short term.
Shekel

Shekel hovers at 3.97 vs USD as BoI head to extend term

The Israeli shekel is trading around 3.97 against the U.S. dollar - the lowest in over 7 years - as Israel's war with Hamas prepares to enter its second week.
pound to dollar

Pound to dollar rate steadies after tanking on U.S. CPI

The pound to dollar exchange rate saw a slight recovery on Friday after sliding on a hotter-than-expected U.S. inflation reading announced the previous day.
USD forecast

USD forecast: Dollar edges up on strong U.S. retail sales

Strong U.S. retail sales figures buoyed the DXY on Tuesday while USD forecasts saw continued dollar strength due to the greenback's safe haven appeal.
Oil prices edge lower as Israel pulls more troops from Gaza

Shekel drops to 4 against USD for first time since 2015

The Israeli shekel weakened past 4 against the U.S. dollar, the currency’s lowest level since 2015, amid the IDF’s continuing retaliation against Hamas.
Euro to dollar

JPMorgan, Citi forecast euro to dollar parity by year-end

Major Wall Street banks are forecasting parity for the euro to dollar rate by year-end, citing U.S. exceptionalism and growth concerns in the eurozone.
DXY index

DXY index stalls on upbeat China data

The DXY index traded marginally lower on Wednesday, brought down by upbeat data from China but supported by risks emanating from war in the Middle East.

Japanese yen

Safe haven flows push Japanese yen closer to 150 vs. USD

Demand for safe-haven assets in the wake of the Israel-Hamas war has pushed the Japanese yen closer to the crucial 150 mark against the U.S. dollar.
Shekel

Bets against shekel mount pressure on Bank of Israel

Increasing bets against the shekel are putting pressure on the Bank of Israel to support the currency as the IDF gears up for a ground invasion of Gaza.
DXY index

Dovish Powell comments send DXY index lower

The DXY index fell by 0.33% on Thursday on comments from Fed Chair Powell, who hinted that interest rates would likely not change at the next FOMC meeting.
Japanese yen

Japanese yen holds at 150 vs. USD on Powell, Treasuries

The Japanese yen touched the crucial 150 mark against the USD on Friday, as markets took note of Fed Chair Powell’s speech and rising Treasury yields.
pound to dollar

Pound to dollar rate holds around 1.215 ahead of PMIs

The pound to dollar exchange rate held around 1.215 on Monday, as markets awaited the announcement of key unemployment and PMI figures in the UK.
Shekel

BoI keeps rates unchanged, shekel on worst streak since 1984

The Israeli shekel declined by as much as 0.2% to 4.06 per U.S. dollar on Tuesday, extending its losses to 11 straight days, the longest since 1984.
Sterling

Soft data backs BoE rate outlook, sterling slides

Pound sterling slid against the dollar and euro on Wednesday after weak economic data pointed to the BoE likely holding rates steady next week.
Euro forecast

Analysts’ euro forecasts bearish, expect ECB hold on Thursday

Euro forecasts from multiple analysts were bearish ahead of the ECB meeting on Thursday, with the central bank widely expected to leave rates unchanged.

DXY index at 106.7 as U.S. GDP blows by estimates in Q3

The DXY index held at around 106.7 on Thursday as fresh GDP figures showed the U.S. economy growing by 4.9% in Q3 - way head of estimates.
Shekel

S&P cuts Israel’s outlook to negative, shekel hits new lows

The Israeli shekel declined by close to 0.4% to 4.0807 per U.S. dollar on Tuesday, extending its losing streak amid the war with Hamas.
EURUSD

ECB leaves rates on hold, EURUSD slides

The EURUSD currency pair slid by as much as 0.3% on Thursday after the European Central Bank snapped its 15-month hike streak and left rates unchanged.

Japanese yen

Japanese yen trades at 150 ahead of BoJ meeting next week

The Japanese yen breached new lows above the 150 mark against the USD in trading this week, ahead of the Bank of Japan’s monetary policy meeting next week.
dollar

Data spurs dollar index, DXY eyes 3rd month of growth

The U.S. dollar index is poised to capture its third consecutive monthly rise, after gaining 0.2% this week on the back of blockbuster economic data.
Shekel

Shekel gains for second straight day as IDF tanks enter Gaza

The Israeli shekel gained against USD on Monday, putting an end to the 5-week selloff as Israel signaled a more gradual approach to its invasion of Gaza.

Eyes on Thursday BoE meeting as sterling trades sideways

Pound sterling broadly traded sideways against the U.S. dollar and euro on Monday as traders eyed the upcoming Bank of England meeting.

Japanese yen

BoJ’s policy tweak fails to support Japanese yen

The Japanese yen declined by close to 1.25% against the U.S. dollar on Tuesday, after the BoJ’s policy announcements failed to appease investors.
Japanese yen

Currency diplomat's intervention warning boosts Japanese yen

An intervention warning from top currency diplomat Masato Kanda on Wednesday gave the Japanese yen a brief reprieve from recent lows.
dollar

Dollar index retreats as U.S. rates seen at peak

The DXY dollar index fell after the Federal Reserve kept rates on hold on Wednesday, which strengthened the belief that borrowing costs in the U.S. had peaked.
pound

Pound rallies as BoE keeps rates on hold

The British pound rose against the dollar on Thursday, following the Bank of England’s decision to keep rates unchanged.
Shekel

Israeli stocks, shekel to post weekly gains

The New Israeli Shekel appeared to be on track to post its first weekly gains since October 7 on Friday, as the IDF pushed on with its offensive in Gaza.
dollar

Dollar index extends gains as euro falls on German data

The DXY dollar index gained back some ground on Tuesday after retreating last week, mostly driven by a decline in the euro.

Aussie dollar

Aussie dollar slides on dovish RBA signals despite rate hike

The Aussie dollar traded lower against USD on Tuesday, despite the Reserve Bank of Australia implementing an interest rate hike the previous day.
Shekel

Central bank support leads shekel to recover most war losses

As of November 7, the New Israeli Shekel recovered most of its losses since the war between Israel and Hamas began.
Shekel

Central bank support leads Israeli shekel to pre-war levels

The Israeli shekel strengthened for a sixth day to briefly surpass the level it was at before the Hamas attacks on October 7.
euro

Euro holds at $1.07 as markets digest ECB officials’ remarks

The euro to dollar rate kept steady above $1.07 on Thursday as investors digested comments from a number of European Central Bank officials.
Sterling

Zero UK GDP growth sends pound sterling to one-week low

Pound sterling held at one-week lows against the U.S. dollar on Friday as UK GDP figures showed that the country’s economy failed to grow in Q3.
DXY index

DXY index trades sideways as Fed policy in focus

The DXY index, a gauge of USD strength against a basket of major currencies, traded sideways on Friday
Japanese yen

Options trading pulls USD from 1-year highs vs. Japanese yen

The Japanese yen hit one-year lows against USD on Monday, and then jumped to 151.20 in a flurry of options trading.
pound

British pound edges up on Rishi Sunak's cabinet reshuffle

Pound sterling edged up against the U.S. dollar in trading on Monday following a cabinet reshuffle by UK Prime Minister Rushi Sunak.
DXY index

DXY index slides to 2-month low after October inflation report

The DXY index shed close to 1% in recent trade after the release of the October inflation report, hovering around 104.65 - its weakest in two months.
Pound

British pound eases after UK inflation slows in October

The British pound declined against the U.S. dollar on Wednesday as UK inflation slowed at its fastest pace in over 30 years in October.
dollar index

Dollar index drops past 2-month lows as rates seen at peak

The dollar extended its decline on Monday, reaching a more than two-month low as traders solidified their belief that U.S. interest rates have peaked and shifted focus to potential rate cuts by the Federal Reserve (Fed).

ed minutes appear to halt dollar slide, DXY stable on Thanksgiving

Fed minutes appear to halt dollar slide, DXY stable on Thanksgiving

On Thursday, the U.S. dollar index stabilized around 103.8, maintaining its position after rising for two straight sessions, driven by stronger-than-expected data that leading traders to reconsider their outlook on Federal Reserve monetary policy.
Official says Japanese yen may halt decline

Japanese yen may end fall in 2024, says ex-currency official

Tatsuo Yamasaki, a former high-ranking Japanese currency official, recently told Reuters in an interview that he expects the yen will not weaken significantly from the current level of 150 to the U.S. dollar and is likely to regain strength next year.
British pound at highest levels since August as USD

British pound at highest levels since August as USD slides

The British pound held onto its gains above the $1.26 threshold, reaching its highest level since late August, as investors processed recent hawkish statements from Bank of England (BoE) officials.

Shekel top performer vs. USD this month

Israeli shekel is world’s top performer vs. USD in November

The Israeli shekel has been a top performer in foreign currency markets this month, surging close to 8.5% against the dollar from its late-October low.
Dollar edges down as investors

Dollar edges down as investors weigh Fed rate cut prospects

The U.S. dollar saw a decline on Friday, as traders weighed new data that showed inflation was easing, fostering expectations that interest rates had reached their peak and central banks — particularly the U.S. Federal Reserve (Fed) — might soon initiate rate cuts.

Euro

Euro corrects to below 1.09 vs. dollar after November gains

The euro to dollar rate fell below $1.092 on Friday amid growing expectations that major central banks will transition from tightening policies to implementing rate cuts in the coming year.
Flag of Australia hang from a sandstone building

Aussie dollar down as RBA keeps interest rates unchanged

The Australian dollar edged down by 0.66% against its American counterpart to $0.6576, after the Reserve Bank of Australia's (RBA) policy decision left the Official Cash Rate (OCR) unchanged at a 12-year high of 4.35%.
Dollar index at 2-week highs as markets.

Dollar index at 2-week highs as markets look to Q1 rate cuts

On Wednesday, the U.S. dollar index reached a two-week peak, while the euro displayed weakness across various currencies, reflecting the growing market sentiment that the European Central Bank (ECB) may implement interest rate cuts as soon as March.
Canadian dollar

Canadian dollar loses momentum after BoC rate decision

The Canadian dollar appreciated beyond the 1.35 per USD level after the Bank of Canada opted to maintain interest rates at a 22-year peak while signaling a relatively hawkish stance. The decision reversed CAD’s trajectory.
Japanese yen

Japanese yen surges to multi-month highs on BoJ policy hint

On Thursday, the Japanese yen saw its most significant one-day surge in nearly a year, driven by a clear hint from Japanese monetary authorities at a potential policy shift. In contrast, the euro was on track for its most substantial weekly decline since May.

Pound

Data-heavy run-up to BoE meeting sees British pound rise

On Monday, the British pound strengthened against the dollar as traders prepared for a week filled with data releases and central bank meetings, including the upcoming session at the Bank of England (BoE) on Thursday.

Bank of England

Bank of England set to hold, markets eye forward guidance

The Bank of England appears poised to maintain interest rates at a 15-year high on Thursday, with investors focused on whether policymakers will push back against the growing market expectations of multiple rate cuts next year.

US dollar

Dovish Fed messaging sends dollar index to 4-month lows

On Thursday, the U.S. dollar reached a new four-month low, following the Federal Reserve's announcement that it has ended its interest-rate hike cycle and anticipates to reduce borrowing costs in 2024.

pound

British pound surges as BoE pushes back against rate cuts

The Bank of England (BoE) stuck to its position on Thursday, saying that interest rates in the UK should remain elevated for an "extended period”, a day after the U.S. Federal Reserve signalled forthcoming rate cuts in the United States.

euro

Euro gains against soft USD as ECB stands firm on rates

On Thursday, the European Central Bank (ECB) pushed back against market expectations of imminent interest rate cuts by reaffirming that borrowing costs would stay at record highs despite lower inflation forecasts.
Pound sterling digs in against USD.

Pound sterling digs in against USD on UK rate outlook

On Monday, the British pound remained stable against the U.S. dollar but slightly weakened against the euro after two consecutive days of gains, as investors assessed the likelihood of interest rates in Britain remaining higher than in other major economies throughout 2024.

Japanese yen

BoJ sticks to ultra-loose policy, Japanese yen slides vs. USD

On Tuesday, the Japanese yen declined against a range of currencies following the Bank of Japan's (BoJ) anticipated decision to maintain its ultra-loose monetary policy without signaling an imminent change.

British pound.

British pound slips after sharp fall in UK inflation

Pound sterling declined against both the U.S. dollar and euro following the release of data revealing a drop in British inflation for November, coming in significantly below expectations. The news prompted financial markets to revise projections for when the Bank of England (BoE) might begin cutting interest rates next year.

cutting dollar

Wall Street banks split on interest rate forecasts for 2024

Interest rates in the United States have soared since the beginning of 2022, as the U.S. Federal Reserve (Fed) aimed to carefully manage inflation without disrupting the overall economy through rate hikes.

Dollar Portrait

Dollar forecasts see vulnerable USD in 2024 if Fed pivots

The Federal Reserve's unexpected dovish shift in December has strengthened the case for the ongoing depreciation of the dollar into 2024 — although the resilience of the U.S. economy may act as a limiting factor on the greenback's decline.

Euro Bills

ECB rate cut timeline key factor for euro forecasts in 2024

The euro to dollar pair, currently trading below the $1.10 mark, is continuing to be influenced by investor expectations of impending interest rate cuts in the Eurozone.

British One Pound Coin

Election, BoE cuts in focus for 2024 British pound forecasts

The pound to dollar currency pair (GBP/USD), widely known as “cable” in currency markets, traded at $1.27 on Friday, December 22, with sterling having gained close to 5% against the greenback year-to-date.

Japanese yen

Analysts' Japanese yen forecasts mostly bullish for 2024

The Japanese yen remained steady around 142.2 per U.S. dollar as of December 22, mostly in response to subdued market activity after data indicated a continued easing of Japanese inflation in November.

American Dollar

Dollar index starts 2024 with gains on yen and euro

The first trading day of 2024 saw a rise in the dollar, with focus shifting to upcoming U.S. jobs data and European inflation figures. These data points are anticipated to offer insights into central banks' potential next moves.

Israeli Flag

Bank of Israel makes first interest rate cut since 2020

On Monday, the Bank of Israel (BoI) reduced short-term borrowing rates for the first time in almost four years, making it the first developed country to ease monetary policy, while stressing the need for fiscal discipline as Israel grapples with increased spending during the war with Hamas.

Euro Pound

Pound sterling, euro gain on USD after economic data

Pound sterling gained ground against the dollar on Thursday, driven by increased demand for loans among British borrowers and the resilience of business services in the UK.

US Dollar

Dollar index up on higher-than-expected nonfarm payrolls

The dollar index (DXY) surged on Friday following data indicating that the largest global economy added more jobs than anticipated last month, potentially suggesting that the U.S.
USD

Dollar index mostly flat after higher-than-expected U.S. CPI

The U.S. dollar gained against the euro and Japanese yen on Thursday following a higher-than-expected consumer inflation reading n in December that surpassed economists' forecasts.

Israel-Lebanon Border

Potential escalation in the north of Israel weighs on shekel

The Israeli shekel (NIS) has appreciated against a range of major currencies this week, with the USD to ILS exchange rate gaining 1.84% to trade at 3.7456, while the euro to shekel rate is up by 2.2% at 4.118.

Quarter Dollar

Rate cut bets fall, dollar index surges to one-month high

On Tuesday, the dollar surged as investor expectations for a March interest rate cut from the Federal Reserve fell, while the pound and Japanese yen saw declines amid easing inflationary pressures.

One Pound

British pound extends rise on sticky December UK inflation

The British pound saw a slight uptick on Thursday, building on gains from the previous day, as the annual consumer price inflation rate unexpectedly rose last month.
Japanese Yen Notes Currency Japan

Japanese yen gains after BoJ meeting, euro dips

The Japanese yen was volatile on Tuesday, initially weakening following the Bank of Japan's (BOJ) decision to maintain its ultra-easy policy settings but gaining strength as markets interpreted signals hinting at a potential end to the negative interest rate policy.

One Pound sterling coin

Sterling surges as traders pare rate cut bets after UK PMIs

Pound sterling saw a sharp rally on Wednesday, and gilts — UK government bonds— reversed gains following robust UK private sector activity data that prompted traders to adjust their expectations of potential monetary easing by the Bank of England in the coming year.

European Central Bank

European Central Bank holds rates, says cuts still way off

On Thursday, the European Central Bank (ECB) opted to keep interest rates unchanged for a third straight meeting and stuck with wording that suggests cuts may not be implemented anytime soon.

Euro Banknote On Europe Map Concept

Dollar index down pre-Fed, euro holds as EU skirts recession

The euro remained stable on Tuesday following the release of data indicating that the eurozone barely escaped a technical recession in the last quarter, while the U.S. dollar saw a slight decline as market participants awaited the Federal Reserve's decision on monetary policy later in the week.
Few Hundred Pound

Sterling slides vs. USD ahead of Fed, BoE meetings

The British pound was declining against a strengthening dollar on Wednesday, with investors anticipating policy decisions from both the Bank of England and the Federal Reserve in the coming days.

Details of American money close-up

EUR/USD at 7-week lows as March rate cut bets unwind

The U.S. dollar maintained its position near a seven-week peak against the euro on Thursday, which it reached after remarks from Federal Reserve Chair Jerome Powell, who dismissed the prospect of a U.S. interest rate cut in March.

Sterling cuts earlier losses as Bank of England votes to keep rates steady

Sterling cuts earlier losses as BoE holds rates steady

Yields on British government bonds increased, the pound recovered some of its initial losses, and UK stocks trimmed their earlier advances on Thursday following the Bank of England's decision to keep interest rates on hold.

DXY on track for first weekly drop in 2024 ahead of key U.S. nonfarm payroll report

Dollar index on track for weekly loss before U.S. jobs data

The U.S. dollar declined against a range of currencies on Friday, as upbeat Big Teach earnings on Wall Street enhanced investors' preference for riskier assets, while traders waited on U.S. jobs data to assess potential timelines for the Federal Reserve to start loosening its monetary policy.

Australian dollar shrugs at RBA decision to keep interest rates unchanged

Australian dollar muted as RBA stands pat on interest rates

On Tuesday, the Australian dollar remained relatively stable following the Reserve Bank of Australia's (RBA) decision to leave interest rates unchanged.

Dollar index picks up mild gains ahead of Tuesday’s inflation data release

Dollar index ticks up ahead of U.S. inflation data release

The U.S. dollar index (DXY) saw a slight increase on Monday, amid a quiet start to the week due to holidays in major Asian markets.
Sterling slips as UK recession confirmed in blow to PM Rishi Sunak

Sterling slips as data confirms UK recession

On Thursday, the British pound saw a minor decline following the release of data indicating that the UK economy had slipped into a recession at the close of 2023, causing investors to heighten their expectations for potential interest rate reductions by the Bank of England within the year.