Currency Converter

Currency Converter



Wednesday, December 27, 2023

More Central Bank Decisions and U.S. Stock Futures Rebound ahead of GDP Data Releases

After Wednesday’s big round of profit-taking in U.S. equities, stock futures show a rebound of about 0.5% in pre-open trading. A final estimate of U.S. GDP growth in 3Q will be released at 08:30 EST (13:30 GMT); the prior estimate showed a sizzling 5.2% quarter-on-quarter pace expressed at an annualized rate. In other stock market […]

* This article was originally published here

Tuesday, December 26, 2023

Pound to Euro Mid-Week Forecast: BoE and ECB Guidance in Focus

Weaker-than-expected UK GDP data on Wednesday triggered Pound losses with the Pound to Euro (GBP/EUR) exchange rate sliding to 10-day lows around 1.1610. The data will...

* This article was originally published here

Tuesday, December 19, 2023

Monday, December 18, 2023

Sunday, December 17, 2023

Pound to Dollar Forecast: 1.31 by 2025 say BofA

Bank of America expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 at the end of 2024. Goldman Sachs, however, expects that GBP/USD...

* This article was originally published here

Saturday, December 16, 2023

Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

Foreign currency strategists at Morgan Stanley expect that the Euro to Dollar (EUR/USD) exchange rate will slide to parity by the end of the first quarter of 2024. Wells Fargo expects that the dollar will lose ground in 2024 with the Euro to Dollar (EUR/USD) exchange rate at 1.11 at the end of 2024. There was choppy dollar and Euro...

* This article was originally published here

Friday, December 15, 2023

Thursday, December 7, 2023

A Lack of Dollar Volatility in 2023 So Far

With only a month left in 2023, this year ranks comparatively low in net dollar movement against other highly traded currencies. The range against the euro from a high of $1.0506 in October from a low $1.1243 in July constitutes a trading range spread of just 7.0%, and the current rate of $1.0993 is a […]

* This article was originally published here

Wednesday, December 6, 2023

Pound to Euro December Forecast: Potential Scope to 1.1630

The Pound to Euro exchange rate strengthened to 7-week highs just above 1.1600 in early Europe on Thursday before a retreat to 1.1580 in choppy trading. Interest-rate...

* This article was originally published here

Sunday, December 3, 2023

More Favorable Data Reported for the U.S.

The U.S. producer price index dropped 0.5% on month (most in 42 months) and recorded a 3-month low of 1.3% when compared to the same month a year earlier. Core producer prices — unchanged versus September and +2.4% year-on-year — was 0.3 percentage points below expectations. U.S. October retail sales contracted by a smaller-than-anticipated 0.1% […]

* This article was originally published here

Friday, December 1, 2023

Euro US Dollar Exchange Rate: Corrective Retreat after Euro-Zone Inflation Data

The Euro to Dollar exchange rate (EUR/USD) was subjected to a correction after failing to hold above the 1.10 level and there was further selling after Thursday̢۪s...

* This article was originally published here

Thursday, November 30, 2023

Pound to Euro Long-Term Forecast: Slide to 1.0525 End-2025 say Unicredit

Foreign exchange strategists at ING Bank expect the Pound to Euro exchange rate (GBPEUR) to make a decisive break above 1.1500 in the short term. As a...

* This article was originally published here

Wednesday, November 29, 2023

Dollar Opens Week of Thanksgiving with a Dip

The dollar fell overnight by 1.0% against the yen, 0.7% versus the kiwi, 0.6% vis-a-vis the Australian dollar and Chinese yuan, 0.3% against the Mexican peso, 0.2% versus the Swiss franc and 0.1% relative the the euro and sterling. Data and event highlights this week will include Federal Reserve FOMC minutes, the British Autumn Statement […]

* This article was originally published here