Foreign Currency Rate Predictions - EUR, GBP, USD, AUD, JPY, ZAR
15 Feb 2011 at 4 PM - Written by John Cameron
EURO
The Euro has suffered a turbulent day, finishing the European session over 0.5% down against the Pound. Weaker than expected growth figures from Germany, France and the whole of the Eurozone caused fears of a downturn in the real economy. NEAR-TERM OUTLOOK – NEGATIVE.
STERLING
The Pound made gains across the board in Tuesday trading after the annualised CPI figure for January showed that UK inflation is running at double the government‘s 2% target. Futures markets are pricing in a UK rate rise in the next six months. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
US DOLLAR
Today saw a soft trading performance for the Dollar. Retail sales numbers for January came in worse than expected. Worries persist over the Federal reserve’s reticence to raise rates, but the Dollar is likely to continue to be propped up by its role as a the world’s favourite safe-haven currency, particularly if Eurozone sovereign debt fears flare up again. NEAR-TERM OUTLOOK – NEUTRAL.
AUSTRALIAN DOLLAR
Minutes released overnight for the most recent Australian Central Bank meeting delivered mixed messages, predicting lower inflation in Australia towards the end of the year and airing fears over weak consumer spending figures. On a more positive note, the RBA was positive on the worldwide economic recovery. The Aussie weakened in late trading as the FTSE 100 and Dow Jones suffered losses, evidencing a return of risk aversion. NEAR-TERM OUTLOOK – NEUTRAL.
JAPANESE YEN
Chinese inflation numbers released overnight came out lower than anticipated at an annualised 4.9% versus analysts’ expectations of 5.4%. This caused a sell-off of the safe-haven Japanese Yen, causing it to trade down to a 9 month low against the high-yielding Australian Dollar. NEAR-TERM OUTLOOK – NEUTRAL TO NEAGTIVE.
SOUTH AFRICAN RAND
The South African currency suffered broad weakness in the markets during today’s session as the SARB continued to take active steps to weaken it. The domestic equities market also saw losses as speculators took profits following the recent rally. This weighed down the risk-sensitive Rand. NEAR-TERM OUTLOOK – NEGATIVE.
STORY LINK Foreign Currency Rate Predictions - EUR, GBP, USD, AUD, JPY, ZAR
Foreign Currency Rate Predictions - EUR, GBP, USD, AUD, JPY, ZAR
The Euro has suffered a turbulent day, finishing the European session over 0.5% down against the Pound. Weaker than expected growth figures from Germany, France and the whole of the Eurozone caused fears of a downturn in the real economy. NEAR-TERM OUTLOOK – NEGATIVE.
STERLING
The Pound made gains across the board in Tuesday trading after the annualised CPI figure for January showed that UK inflation is running at double the government‘s 2% target. Futures markets are pricing in a UK rate rise in the next six months. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
US DOLLAR
Today saw a soft trading performance for the Dollar. Retail sales numbers for January came in worse than expected. Worries persist over the Federal reserve’s reticence to raise rates, but the Dollar is likely to continue to be propped up by its role as a the world’s favourite safe-haven currency, particularly if Eurozone sovereign debt fears flare up again. NEAR-TERM OUTLOOK – NEUTRAL.
AUSTRALIAN DOLLAR
Minutes released overnight for the most recent Australian Central Bank meeting delivered mixed messages, predicting lower inflation in Australia towards the end of the year and airing fears over weak consumer spending figures. On a more positive note, the RBA was positive on the worldwide economic recovery. The Aussie weakened in late trading as the FTSE 100 and Dow Jones suffered losses, evidencing a return of risk aversion. NEAR-TERM OUTLOOK – NEUTRAL.
JAPANESE YEN
Chinese inflation numbers released overnight came out lower than anticipated at an annualised 4.9% versus analysts’ expectations of 5.4%. This caused a sell-off of the safe-haven Japanese Yen, causing it to trade down to a 9 month low against the high-yielding Australian Dollar. NEAR-TERM OUTLOOK – NEUTRAL TO NEAGTIVE.
SOUTH AFRICAN RAND
The South African currency suffered broad weakness in the markets during today’s session as the SARB continued to take active steps to weaken it. The domestic equities market also saw losses as speculators took profits following the recent rally. This weighed down the risk-sensitive Rand. NEAR-TERM OUTLOOK – NEGATIVE.
TAGS: American Dollar Forecasts Australian Dollar Forecasts Currency Predictions Euro Forecasts Japanese Yen Forecasts Pound Australian Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound Rand Forecasts Pound Sterling Forecasts Pound Yen Forecasts South African Rand Forecasts
Leave a Comment
Related Stories:
- Daily Rate Predictions For The US Dollar, Euro, Pound Sterling and Japanese Yen - May 17, 2012
- Today’s Rate Forecasts For The Pound Sterling, Euro, US Dollar and Australian Dollar - May 16, 2012
- Exchange Rate Predictions For The Pound Sterling, Euro, US Dollar and Hong Kong Dollar - May 15, 2012
- Currency Exchange Rate Forecasts For The Euro, Pound Sterling, US Dollar and Turkish Lira For Today - May 14, 2012
- Today’s Currency Exchange Rate Predictions For The Euro, Pound Sterling, US Dollar and Arab Emirates Dirham - May 11, 2012
- Pound US Dollar Exchange Rate Recovers Slightly As Greek Anti-Bail-Out Power Bid Fails - May 10, 2012
- Daily Exchange Rate Predictions For The Euro, Pound Sterling, US Dollar and Indian Rupee - May 9, 2012
- Currency Exchange Rate Forecasts For The Euro, US Dollar, Pound Sterling and South African Rand For Today - May 8, 2012
- Currency Rate Predictions For The Pound Sterling, Euro, US Dollar and Norwegian Krone For Today - May 4, 2012
Latest News:
- Daily Rate Predictions For The US Dollar, Euro, Pound Sterling and Japanese Yen - May 17, 2012
- Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast - May 17, 2012
- Today’s Rate Forecasts For The Pound Sterling, Euro, US Dollar and Australian Dollar - May 16, 2012
- Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election - May 16, 2012
- Exchange Rate Predictions For The Pound Sterling, Euro, US Dollar and Hong Kong Dollar - May 15, 2012
- Pound Euro Exchange Rate Breaches 1.2500 For First Time Since 2008 As Greek Debt Fears Heighten - May 15, 2012
- Currency Exchange Rate Forecasts For The Euro, Pound Sterling, US Dollar and Turkish Lira For Today - May 14, 2012
- Pound Australian Dollar and Pound New Zealand Dollar Rates Could Dip As China Loosens Monetary Policy - May 14, 2012
- Today’s Currency Exchange Rate Predictions For The Euro, Pound Sterling, US Dollar and Arab Emirates Dirham - May 11, 2012
- Pound Euro Exchange Rate Could Head Higher Following Bank of England Decision to Keep QE On Hold - May 11, 2012
Daily Market Updates
Major Currency Forecasts
- Pound Sterling Forecast
- Euro Forecast
- American Dollar Forecast
- Australian Dollar Forecast
- Japanese Yen Forecast
- Swiss Franc Forecast
- New Zealand Dollar Forecast
- Canadian Dollar Forecast
- Norwegian Krone Forecast
- South African Rand Forecast
- Indian Rupee Forecast
- Singapore Dollar Forecast
- UAE Dirhams Forecast
- Turkish Lira Forecast
- Hong Kong Dollar Forecast
Currency Pairs
- Pound Euro Forecast
- Pound Dollar Forecast
- Pound Australian Dollar Forecast
- Pound Yen Forecast
- Pound Swiss Franc Forecast
- Pound NZ Dollar Forecast
- Pound Canadian Dollar Forecast
- Pound Krone Forecast
- Pound Rand Forecast
- Pound Rupee Forecast
- Pound Sing Dollar Forecast
- Pound Dirham Forecast
- Pound Lira Forecast
- Pound HK Dollar Forecast
