American Dollar forecast - usd american dollar us dollar usd dollar

It’s been a firmly ‘risk-off’ trading environment so far today in the global currency markets as investors steer clear of currencies with a high correlation to stocks. The big loser on the day so far has been the Canadian Dollar, causing the Pound to Canadian Dollar exchange rate (currency : GBP CAD) to accumulate by almost half of a...

Last night’s Asian equities session brought a return to something approaching normal service – Tokyo’s benchmark Nikkei 225 index, which had plummeted by over 7% during Thursday trading, provided evidence of this. Japan’s leading equities exchange closed up by 0.89%, suggesting that market participants had recovered their nerve...

The POUND STERLING started the day off on a firm footing, but has subsequently leaked support. This morning’s revised UK GDP data for Q1 confirmed the Office of National Statistic’s initial growth estimates for the first three months of this year were accurate. This left investors to concentrate on this week’s Sterling-negative UK...

Price action in the global currency markets yesterday afternoon was determined by a public statement from the US Federal Reserve Chairman Ben Bernanke. The head of America’s central bank had some interesting comments to make which had an unexpected effect on price action for several of the world’s major currencies. Bernanke was...

Today’s session promises to be a market-moving day for one currency in particular – the US Dollar. A brace of risk events in North America are set to dominate proceedings, with Federal Reserve Chairman Ben Bernanke’s appearance before the US Congress’s Joint Economic Committee this afternoon set to be closely monitored by currency...

This morning’s report from the Ernst & Young Item Club which found that the real cost to the UK economy of high levels of inflation since 2010 has been £10bn. The news has held back the POUND STERLING on the day. The latest Rightmove House Price survey, released overnight, has done little to improve investor sentiment towards Sterling....

A press release from leading credit ratings agency Moody’s Investor Services, released during Friday’s session, spelled good news for Turkey and for the Turkish Lira. Moody’s announced that they had upgraded their credit rating of the Mediterranean nation’s sovereign debt to Baa3. The move means that Turkish bonds are now considered...

A light schedule of data releases in the global economy have made for limited price action in the currency markets so far today. Perhaps the major driver amongst the investment community at the moment is the ongoing situation in Syria, where evidence has emerged within the past few days that the ruling Assad regimes has apparently used...

The fortunes of the US Dollar and conditions in America’s vast labour market have been intertwined since the Federal Reserve stated last month that it would not be calling a halt to its controversial Quantitative Easing programme until the jobs situation in the States had improved considerably. This set up means that any employment data in...

A significantly weaker than anticipated set of US Initial Jobless Claims data, released a short time ago in the States, has triggered a renewed bout of selling pressure on the US DOLLAR, sending the Pound to US Dollar exchange rate (currency : GBP USD) up from its intraday low of 1.5193 back up to close to the 1.5300 level as New York braces...