Currency News

Daily Exchange Rate Forecasts & Currency News

More Daily Currency Updates Continued - page 133

A round up of the latest daily currency updates from the Currency News desk.

Morning Foreign Exchange Report : Euro Rides High on Interest Rate Expectations, EUR/USD Rate Dependent on Non-Farms

1 Apr 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1321. The Euro Dollar exchange rate (EUR/USD) is 1.4173. The results of the Irish Central Bank’s Stress Test on four leading Irish retail banks were released yesterday. The findings showed that one fully-nationalised bank, the Anglo Irish, has incurred losses of €18bn, which equates to over...

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Morning Foreign Exchange Report - Euro Rally Threatened by Irish Banking Stress Test as GBP/EUR Rate Stays Low

31 Mar 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1382. The Euro Dollar exchange rate (EUR/USD) is 1.4136. Yesterday’s session saw a rare piece of positive data for the Pound, with the release of better-than-anticipated Services Sector data by the UK Office of National Statistics. The figure showed that the key services sector grew by 1.3%...

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Foreign Exchange Rates ? EUR/USD Threatens Near-Term High as US Currency Weakens on Improved Economic Data

29 Mar 2011 at 9 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6029. The Euro Dollar exchange rate (EUR/USD) is 1.4136. Yesterday afternoon’s UD economic data releases showed some encouraging signs for the recovery in the States. Consumer spending figures for last month came out at 0.7%, better than the expected level of 0.5%. However, some commentators...

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Morning Foreign Currency Exchange Outlook - EUR/USD Rate Heads Lower as Market Remains Unconvinced by Eurozone Bail-Out Proposals and US Dollar Picks Up

28 Mar 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1393. The Euro Dollar exchange rate (EUR/USD) is 1.4058. The major development in currency markets on Friday was the agreement reached by the 17 EU Leaders in Brussels regarding the future Eurozone sovereign debt policy. At first glance, the accord appeared to be Euro-positive, with the European...

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Foreign Exchange Rates - GBP/EUR Rate Plummets on Relative Interest Rate Expectations and Rumours of a UK Debt Downgrade

25 Mar 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1352. The Euro Dollar exchange rate (EUR/USD) is 1.4159. The Euro experienced an unusual trading session on the day yesterday. With a slew of apparently negative data and information emerging regarding the single economic area, the Euro should have been showing red across the board. However, the...

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Morning Foreign Currency Market Outlook - GBP/EUR Exchange Rate Edges Higher as the Euro Comes Under Pressure Ahead of EU Sovereign Debt Summit

24 Mar 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1529. The Euro Dollar exchange rate (EUR/USD) is 1.4072. Concerns over widespread Eurozone sovereign debt problems are dominating currency market movements this morning, following the resignation of Portuguese Prime Minister Jose Socrates late last night. Socrates stepped down after all five...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts Pound St Forecasts

Morning Currency Exchange Market Update - GBP/EUR Rate Improves on UK Inflation Figure and Continuing Eurozone Sovereign Debt Fears While USD Suffers

23 Mar 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1541. The Euro Dollar exchange rate exchange rate (EUR/USD) is 1.4171. The Euro has performed strongly against the other majors in recent sessions, with the EUR/USD rate rising to within half a cent of a 14-month high. The single European currency has been buoyed by the decision of EU member...

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Morning Foreign Exchange Report : GBP/USD and EUR/USD Rates Approach Multi-Month Highs as US Currency Suffers on Improving Risk Sentiment

22 Mar 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6304. The Euro Dollar exchange rate (EUR/USD) is 1.4229. An air of normality returned to the currency markets yesterday following the dramatic events of recent days. Air Strikes on Tripoli continued again overnight, but investors do not appear to be perturbed by these; in fact the key...

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Morning Foreign Currency Market Outlook : EUR/USD Drags the GBP/USD Rate Higher as Market Reacts to Libyan Air Strikes

21 Mar 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6238 . The Pound Euro exchange rate (GBP/EUR) is 1.1473 . Global geo-political events continue to dominate the world’s currency markets. Allied forces launched a series of air strikes on Libya over the weekend in an attempt to enforce the UN-mandated ’no fly zone’ over the troubled Arab...

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Morning Currency Market Outlook : GBP/USD and GBP/JPY Rates Rise as Global Quantitative Easing Schemes Bolster Share Markets

16 Mar 2011 at 7 AM - Written by John Cameron

Japan’s central bank injected a further JPY3.5 trillion into the country’s troubled money markets overnight in an effort to make funds available for the unprecedented clear-up operation. This is the third day in a row which has seen the Bank of Japan pump funds into the markets, having made JPY23 trillion available on Monday and...

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