Currency News

Daily Exchange Rate Forecasts & Currency News

Daily Currency Updates

A round up of the latest daily currency updates from the Currency News desk.

USD CAD Exchange Rate Slides as Fed Appears to be in No Hurry to Hike Rates

23 Feb 2017 at 4 PM - Written by Ben Hughes

The US Dollar to Canadian Dollar exchange rate trended flatly near the week’s opening levels on Friday afternoon after hitting a new weekly low of 1.3064. Demand for the Canadian Dollar improved following the publication of Canada’s impressive January Consumer Price Index (CPI) results. Year-on-year inflation rose from 1.2% to 2.1%...

CATEGORIES: Currency Predictions Daily Currency Updates

GBP NZD Exchange Rate Tight after UK Trade Surplus Hits Record High, Article 50 Debate Continues

21 Feb 2017 at 4 PM - Written by John Cameron

The British Pound to New Zealand Dollar exchange rate was able to limit its losses on Wednesday afternoon after UK growth results disappointed investors earlier in the day. Demand for risky currencies like the ‘Kiwi’ faded on Wednesday afternoon as investors awaited the publication of the Federal Reserve’s latest minutes report....

CATEGORIES: Currency Predictions Daily Currency Updates Pound New Zealand Dollar Forecasts

House of Lords Set to Debate Brexit Bill, GBP CAD Exchange Rate Rallies

20 Feb 2017 at 2 PM - Written by Ben Hughes

The GBP CAD exchange rate has rallied by around a cent from its starting levels today as investors are optimistic about the possibility of the House of Lords making amendments to the government's Article 50 legislation. Pound Canadian Dollar (GBP CAD) Climbs as Peers Debate Brexit Bill The Pound Canadian Dollar (GBP CAD) exchange rate...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

EUR USD Exchange Rate Flops on Rising Signs of March Fed Rate Hike

15 Feb 2017 at 3 PM - Written by James Fuller

The Euro to US Dollar exchange rate continued to climb on Thursday afternoon. At the time of updating, the pair had hit a new weekly high of 1.0674. Investors bought the Euro from its cheapest levels throughout the day despite a lack of fresh supportive Eurozone data. Expectations that Greek debt relief talks would see quick and smooth...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts

UK Jobs Data Shows Slowing Wage Growth, GBP USD Exchange Rate Falls

15 Feb 2017 at 11 AM - Written by Toni Johnson

The British Pound to US Dollar exchange rate made modest gains during Thursday’s European session, despite this week’s impressive US data. As ‘Greenback’ traders focused on stock markets and anticipate US President Trump’s upcoming tax reform plans, the US currency remained jittery. Sterling was bought from its lows on Thursday...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts

GBP to AUD Exchange Rate Advances as Risk-Sentiment Fades

13 Feb 2017 at 11 AM - Written by Ben Hughes

The Pound to Australian Dollar exchange rate’s losses were minimised on Tuesday afternoon, as markets suddenly took a risk-off turn and sold the ‘Aussie’ due to an increase in demand for the US Dollar. Perceived hawkishness from Federal Reserve Chairwoman Janet Yellen left risky currencies like the ‘Aussie’ weaker on Tuesday...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Advances as Fresh Oil Concerns Emerge

9 Feb 2017 at 12 PM - Written by Ben Hughes

The British Pound to Canadian Dollar exchange rate plunged on Friday afternoon. While the day’s UK data was impressive, the day’s strong Canadian employment report came as a real surprise to traders. Not only did Canada avoid losing -5k jobs in January, it made 48.3k new jobs. The participation rate increased from 65.8% to 65.9% and...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Daily Currency Updates

GBP EUR Exchange Rate Slumps on Article 50 Bill Debate, Gloomy IFS Forecast

7 Feb 2017 at 3 PM - Written by Frank Davies

The British Pound to Euro exchange rate flattened on Wednesday afternoon as the Pound’s bullishness from Tuesday afternoon faded and the Euro strengthened due to a weaker US Dollar. Sterling also slipped due to expectations that MPs would vote to pass the Article 50 bill through to the House of Lords on Wednesday evening. The...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

USD Recovers from Lows, GBP to USD Exchange Rate Slips

6 Feb 2017 at 1 PM - Written by John Cameron

The British Pound to US Dollar exchange rate continued to trend at its worst levels in over a week on Tuesday afternoon due to the hawkishness of Federal Reserve officials and the latest Brexit concerns. GBP/USD slightly held away from its weekly lows towards the end of the day’s European session thanks to comments from Bank of England...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts

GBP/NZD Weakens on Reports of Business Brexit Damage

6 Feb 2017 at 12 PM - Written by Frank Davies

The British Pound to New Zealand Dollar exchange rate slightly narrowed its losses on Tuesday afternoon due to hawkish comments from Bank of England (BoE) policymaker Kristin Forbes. While the Pound was supported by Forbes’ claim that the UK economy may soon need to be supported by a BoE interest rate hike, the currency still lost out...

CATEGORIES: Currency Predictions Daily Currency Updates Pound New Zealand Dollar Forecasts