American Dollar forecast page 12 - usd american dollar us dollar usd dollar

This afternoon’s US GDP data for Q4 came out at a shockingly poor annualised -0.1%. Analysts had been anticipating a drop-off from Q3’s decent showing of 3.1%, with a 1.1% print expected, so the extent of the slowdown in the world’s premier economy came as a body blow to investors holding US Dollars. The knee-jerk reaction from...

Yesterday’s session in the currency markets brought the release of worrying data from some of the world’s major economies, which served as a stark reminder that the global economic picture remains gloomy. Dismal Spanish retail sales data, released in the early part of the day, showed that shop sales in the languishing Iberian economy...

The EURO suffered a pronounced wobble earlier today when France’s Labour Minister described his nation as ‘totally bankrupted’. French Finance Minister Pierre Moscovici tried to cool the situation by describing his state as ‘totally solvent’, but some reputational damage had already been done. The Pound Euro exchange rate (Currency...

This afternoon’s major point of interest came in the US with the release of December Durable Goods Orders data which revealed that orders for goods expected to last for over three years increased by a massive 4.6% last month. The figure is always closely-watched as it is generally considered to be a reliable indicator of levels of...

After a tumultuous week, which culminated in a depressingly poor set of Q4 GDP data, the weekend market shut-down provided little in the way of respite for the Pound Sterling. Current Bank of Canada Governor Mark Carney, who will take over the head job at the Bank of England in the middle part of this year, used his key-note speech at the...

Big hitters in the world of global finance don’t come much bigger than the Chief Economist at the International Monetary Fund, so the markets sat up and took notice when the current incumbent of the role at the IMF, Olivier Blanchard, gave his verdict on the UK economy earlier. Blanchard offered his advice to British Chancellor of the...

This morning’s UK public sector borrowing data for last month showed at a higher level than expected, raising concerns that Britain may be about to relinquish its AAA credit rating. The POUND STERLING slumped against the other major global currencies following the release. With Friday’s UK Q4 GDP data expected to disappoint, the outlook...

The ‘Greenback’ has made gains against the majority of its most traded peers due to yesterday’s US Unemployment figures coming in at a five-year low. Its gains were limited however due to a disappointing manufacturing report. The latest US Prelim University of Michigan Consumer Sentiment figures came in at their lowest level in two...

Currency roundup: Euro soars as Yen plummets The Euro has strengthened close to a 10-month high against the US Dollar after Spain’s borrowing costs fell during a €4.5 billion sale of government bonds boosting confidence in the European debt markets. As a result the single currency strengthened against all 16 of its major peers...

Japanese Yen tumbles as Euro recovers The Japanese Yen has fallen against the majority of its most traded currency peers today after investors grew cautious as they awaited the launch of the Bank of Japans expected aggressive monetary easing policy. Elsewhere, the Euro thrived after a series of strong performances at the bond auctions...