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    US Dollar USD Forecasts

    Forecasts for the US dollar change all the time, affected by news events and relative sentiment towards the US economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of USD in the currency markets.

    Updated: Aug 27, 2022  

     


     

    US Dollar Index = 112.19
    The U.S. Dollar Index at 112.2 is 3.6% above its 90-day average 108.3 with range 105.1-114.1.
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    4-DAY-1.7%
    90-DAYHIGH3d

    USD Outlook

    The strength of the US dollar looks likely to continue when, at the annual Jackson Hole central banker’s getaway, Reserve Chair Jerome Powell said that the US central bank will ‘keep at it’ and is likely to keep raising interest rates to battle surging inflation.

    A clear reflection of this is that the US Dollar index (measure of the USD strength against basket of currencies) is approaching 20 year highs.

    DateUSD/EURChangePeriod
    16 Sep 2022
    0.9984
    2.2% 2 Week
    02 Jul 2022
    0.9589
    6.4% 3 Month
    30 Sep 2021
    0.8640
    18.1% 1 Year
    01 Oct 2017
    0.8468
    20.5% 5 Year
    02 Oct 2012
    0.7735
    31.9% 10 Year
    05 Oct 2002
    1.0171
    0.3% 20 Year
    USD/EUR historic rates & change to 30-Sep-2022

     

    You can also read our full Foreign Exchange Guide to the United states.

     

    What is a good US Dollar exchange rate?

    The market’s expectation for a rise in US inflation and thus interest rates has pushed up the USD exchange rate against most currencies.

    The US Dollar has also proven itself to be a safe haven amid the Ukraine-Russia conflict as investors seek refuge from the uncertainty.

    So what will the dollar do for an encore after it posted its biggest annual gain in six years? America’s high rate of inflation likely means ‘Dollar bulls’ (stronger dollar) are likely to remain in charge at least until U.S. inflation shows clear signs of peaking.

    The US dollar is the most popular reserve currency so whether the USD rises or falls in the future is a difficult question and the answer depends on many factors.

    A good way to consider the US dollar’s current relative value is to look at the recent US Dollar Index which measures the USD value against a range of peer currencies.

    USD to X 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsThe U.S. Dollar Index at 112.2 is 3.6% above its 90-day average 108.3 with range 105.1-114.1.

    The following sections show a summary of trends and forecasts for popular US dollar exchange cross rates:

    USD to EUR

    USD to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to EUR at 1.0202 is 2.7% above its 90-day average 0.9934 with range 0.9589-1.0421. USD/EUR Rates

    The European Central Bank surprised markets mid July when it increased interest rates by 50 basis points, the first rise in over a decade.

    Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with USD/EUR at a 20-year High at parity in August, whereas it had been 0.87 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.

     USD-EUR Forecasts

    USD to AUD

    USD to AUD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to AUD at 1.5627 is 6.6% above its 90-day average 1.4654 with range 1.4032-1.5627. USD/AUD Rates

    As predicted, the AUD’s traditional vulnerability to risk has left it exposed to a broader correction in late September.

    CBA have lowered their forecast for the Aussie to fall to US62¢ by December as the slow down in the Chinese economy hits the price of many of Australia’s key commodity exports.

     AUD-USD Forecasts

    USD to CAD

    USD to CAD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to CAD at 1.3831 is 5.8% above its 90-day average 1.3071 with range 1.2763-1.3831. USD/CAD Rates

    Volatile oil prices due to the Russian invasion of Ukraine have lead to large price movements to continue for the Canadian Dollar.

    Towards the end of September the loonie has weakened sharply down to around 0.73 relative to the greenback (1 USD = 1.37 CAD).

     USD-CAD Forecasts

    USD to GBP

    USD to GBP 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to GBP at 0.8951 is 5.1% above its 90-day average 0.8515 with range 0.8160-0.9363. USD/GBP Rates

    GBPUSD is down over 20 percent this year and hit an all-time low (since decimalisation in 1971) in late September of 1.03 (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the new chancellor.

    The Bank of England has joined the global fight against inflation, but has raised rates by less than the US Federal Reserve.

    So it seems the BoE’s gloomy economic forecasts has increased pressure on Sterling.

     GBP-USD Forecasts

    USD to MXN

    USD to MXN 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to MXN at 20.15 is just below its 90-day average 20.23 with range 19.83-20.86.

    Mid-year the peso has weakened back above the key 20 level versus the US dollar.

    When uncertainty increases, traders tend to move quickly out of emerging market FX such as the peso first before looking for safe havens.

     USD-MXN Forecasts

    USD to INR

    USD to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to INR at 81.64 is 2.3% above its 90-day average 79.82 with range 78.60-81.72. USD/INR Rates

    Since the beginning of the war in Ukraine the USD/INR exchange rate has steadily risen to above the 79₹ level, well up from around 72₹ mid last year.

    The Ukrainian crisis and its risks for energy supplies have pushed the dollar up against the rupee as India imports most of its oil requirements.

     USD-INR Forecasts

    USD to JPY

    USD to JPY 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to JPY at 144.7 is 4.6% above its 90-day average 138.4 with range 131.7-144.8. USD/JPY Rates

    The Japanese yen continues to lose ground against the US dollar. For reference, with USD/JPY hitting 136 in July — a more than 20-Year Low for the yen.

    Yen weakness against the greenback stems from the interest rate differentials between Japan and the US. The market expects that the Fed Reserve will continue to hike rates aggressively, while the BOJ is committed to low interest rates.

     USD-JPY Forecasts

    USD to SGD

    USD to SGD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to SGD at 1.4358 is 2.7% above its 90-day average 1.398 with range 1.3691-1.4389. USD/SGD Rates

     

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    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.