The US Dollar weakened after the release of Non-Farm Payrolls (NFPs) on Friday Due to data showing a softness in wages.
ING Bank’s latest set of forecasts highlights the continued rise in the Dollar against almost all its major counterparts.
Expectations concerning impending interest rate rises at the US Federal Reserve are forecast to keep the US dollar supported, however this support will ultimately prove temporary.
The dollar could recovery over coming months as overly-pessimistic markets are forced into accepting up to two Federal Reserve interest rate rises in 2016 it is argued.
Any strength in the pound to dollar exchange rate strength is forecast to be temporary according to analysts at Westpac.
On Wednesday the 13th of April a monthly comparison of Core CPI is forecast to show prices rose 0.2% in March, down from the 0.3% in the previous month.
Fears Donald Trump might win the presidential election are increasingly impacting on the greenback.
UniCredit provide four reasons why they believe the USD will struggle in 2016. But others remind us why they are forecasting a notably stronger dollar over coming months.
The pound to dollar exchange rate (GBP/USD) has formed a base argue analysts at Lloyds Bank who forecast a sustained, albeit slow, recovery.