Turkish Lira forecast page 3 - try turkish lira lira
A round up of the latest Turkish Lira forecast news items from the Currency News desk.
Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, TRY, ZAR, AUD
28 Feb 2011 at 4 PM - Written by John Cameron
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,...
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Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NOK, TRY, AED
23 Feb 2011 at 4 PM - Written by John Cameron
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...
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Foreign Currency Rate Predictions - USD, EUR, GBP, TRY, ZAR, JPY
16 Feb 2011 at 4 PM - Written by John Cameron
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...
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Turkish Lira Currency Prediction - Lira Weighed Down by Interest Rate Predictions
10 Feb 2011 at 4 PM - Written by John Cameron
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...
Yen stronger despite interest rate cuts
8 Oct 2008 at 5 PM - Written by Admin
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...
Dollar weaker on credit comments by Fed official
28 Jul 2008 at 4 PM - Written by Admin
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 Mayâ€™s numbers is released tomorrow.A private report showing July...
USD stronger on lower oil prices as G8 summit begins
7 Jul 2008 at 6 PM - Written by Admin
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 Iranâ€™s foreign minister but still held above $141 per barrel.Gains in...
Euro weaker after rate increase
3 Jul 2008 at 5 PM - Written by Admin
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...
Euro declines versus USD on US manufacturing
1 Feb 2008 at 7 PM - Written by Admin
The euro was weaker versus the US dollar on Friday after a new report showed that US manufacturing expanded in January.The purchasersâ€™ 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...
USD loses 1.1 percent to euro over week
28 Sep 2007 at 9 PM - Written by Admin
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...
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