Turkish Lira forecast page 3 - try turkish lira lira

POUND STERLING The Pound has enjoyed a positive day, possibly due to a technical bounce following Friday’s negative performance. Sterling lost ground after the downward revision to the quarter 4 UK GDP figure on Friday as analysts revised their UK interest rate expectations downwards. Bank of England Governor Mervyn King speaks tomorrow,...

POUND STERLING Minutes of the Bank of England’s February meeting, released earlier today, revealed that three of the nine member committee voted for a hike in the central bank rate of interest. The minutes also suggested that the six members who voted to maintain rates at their current record low of 0.5% might reconsider their decision...

US DOLLAR The tone of the latest FOMC Minutes, due for release at 1900hrs GMT today, is unlikely to deviate from the dovish line that the Fed has peddled in recent times. Producer price index figures were significantly higher than expectations, however this has failed to cause the Dollar to strengthen as market participants’ US interest...

The Turkish Central Bank’s Monetary Policy Committee is due to meet next Tuesday to decide on policy for the coming month. The New Turkish Lira weakened during today’s trading session on speculation that the meeting will herald a further interest rate cut. The Turkish MPC has chosen to cut base rate by 75 basis points in the last two...

The Japanese yen strengthened Wednesday on the theory that interest rate cuts by several central banks will not be enough to encourage investors to put their money into high-risk carry trades in which they use low-yielding currencies such as the yen to finance purchases of higher-yielding currencies.In a move to try to stem damage to the...

The US dollar weakened in relation to the euro and the yen Monday after comments from the president of the Minneapolis Fed in which he said that US credit problems are likely to get worse, and on speculation that house prices were down again when a new report on May’s numbers is released tomorrow.A private report showing July...

The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iran’s foreign minister but still held above $141 per barrel.Gains in...

The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region.However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike in the...

The euro was weaker versus the US dollar on Friday after a new report showed that US manufacturing expanded in January.The purchasers’ index from the Institute of Supply Management was at 50.7 in January, up from 48.4 in September after most analysts said they thought it would drop rather than rise.The greenback was trading at...

The US dollar was lower on the week as a result of reports showing that consumer confidence was lower in September, home sales were down in August, and on the expectation that the Federal Reserve will cut interest rates again in October.Over the week, the US currency dropped 0.4 percent to SFr1.670 in relation to the Swiss franc, while...