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Exchange rate Outlook for today: Pound sterling, euro, US dollar, Australian dollar forecasts

The wholesale exchange rate markets show the following rates at the time of publication:

  • The dollar Yen exchange rate is 0.4 pct higher at 9710.
  • The euro dollar exchange rate is 0.09 pct lower at 1.3569.
  • The pound dollar exchange rate is 0.3 pct in the red at 1.6048.
  • The Australian dollar US dollar rate is 0.18 pct higher at 0.9446.

NB: The above quotes are wholesale market quotes, your bank will affix a discretionary spread when making a retail offer. However, an independent FX provider will guarantee to undercut your bank's offer, thus delivering more currency. Please learn more here.

Euro dollar exchange rate outlook today

Our view remains on track and the pair may remain supported on dips pending further US fiscal developments this week with
support seen towards 1.3500 before 1.3450.

Meanwhile, Upside head room is seen extending towards the 1.3650 area for now. The ECB’s Draghi is expected to speak this week and expect the resulting rhetoric to remain sufficiently dovish, although inherent USD weakness may continue to prevail for the pair.

Dollar Yen exchange rate outlook

Dollar vulnerability is also expected to continue to manifest itself through the USD-JPY with the pair now having sunk below 97.00 on
Monday. If the 200-day MA (96.73) caves, expect the pair to gravitate towards 96.00 and then 95.80.bank beating exchange rates

Australian vs US dollar exchange rate outlook

September labor market numbers are due on Thursday and as noted above, we are somewhat constructive on the pair in the near term.
Note that this view is predicated on sustained risk appetite levels across global markets.

In the interim, expect the pair to remain bounded by a 0.9300-0.9500 band amid a supported tone.

Pound sterling to US dollar outlook

The pair may attempt to continue to base build off the 1.6000 floor pending further US fiscal cues while local data prints still remain
slightly supportive of the pair. Any breach above 1.6100 may see a test towards 1.6160.

 

 

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