Currency News

Daily Exchange Rate Forecasts & Currency News

More Daily Currency Updates Continued - page 135

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

Morning Foreign Exchange Report : Oil Prices Edge Lower and Appetite for Risk Strenthens

28 Feb 2011 at 6 AM - Written by John Cameron

Wholesale crude oil prices edged downwards during Friday’s session, having touched 30-month highs on Thursday. Political instability in North Africa had caused crude to rally, but the bidding pressure eased on Friday following comments from Saudi Arabian officials suggesting that they would be expanding oil production, perhaps by as much as...

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Morning Foreign Exchange Report : Stock Markets Continue to Fall, but US Dollar Weakens

24 Feb 2011 at 7 AM - Written by John Cameron

With Libyan authorities continuing to use violence to suppress pro-democracy demonstrators, an end to the insurgence in the Arab state looks to be some way off. The situation continues to drive wholesale oil prices to new near-term highs, with analysts estimating that unrest in Libya has caused a loss of production of around one million...

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Morning Foreign Exchange Report : Pound Sterling Rate Falls on Employment Fears

17 Feb 2011 at 8 AM - Written by John Cameron

Yesterday afternoon saw the release of US Producer Price Index numbers which showed that input prices rose by their highest monthly amount since October, 2008. The main event in America came later in the session when the Federal Reserve released minutes of the January FOMC meeting. The minutes predicted that US economic growth would pick up...

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Today's Currency Insight - Pound Rallies on Interest Rate Expectations

16 Feb 2011 at 6 AM - Written by John Cameron

In the UK, yesterday’s annualised CPI inflation figure came out at 4.0%, as anticipated. This is double the government’s stated target of 2.0% and represents the highest level of inflation in Britain since November 2008. The figure meant that Bank of England Governor, Mervyn King, had to write a letter of explanation to Chancellor George...

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Today's Currency Exchange Predictions - Dollar Trends Weaker as Appetite for Risk Picks Up

14 Feb 2011 at 5 AM - Written by John Cameron

Risk sentiment in world markets has swung again this morning following the resignation of Egyptian President Hosni Mubarak late on Friday night after an eighteen day popular uprising. Mubarak had surprised political spectators by failing to give up his post earlier last week, leading to fears of a fully-fledged military coup in the Arab...

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Today's Currency Exchange Predictions - US Dollar Strengthening on Risk Aversion

11 Feb 2011 at 9 AM - Written by John Cameron

The political crisis in Egypt took an unexpected turn yesterday evening, with President Hosni Mubarak addressing the nation in a televised speech. Crowds of protestors massing across Cairo had expected Mubarak to confirm that he was stepping down, with immediate effect. Announcements to the crowds by military leaders to that effect had...

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Today's Currency Exchange Prediction - Risk Sentiment Worsens

10 Feb 2011 at 9 AM - Written by John Cameron

The benchmark MSCI Asian Index saw losses of 0.8% last night as stock markets reacted to yesterday’s comments by Federal Reserve Chairman Ben Bernanke and some worrying Australian unemployed figures. Initially, last night’s Australian labour figure appeared positive, showing that unemployment had stayed at 5%, whilst 24,000 new jobs were...

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Daily Foreign Currency Exchange Rate Forecast - Sterling Remains Under Pressure

9 Feb 2011 at 12 PM - Written by John Cameron

The People’s Bank of China surprised the markets yesterday by increasing interest rates for the third time since the Autumn. China’s headline one-year lending rate was hiked from 5.81% to 6.06% with effect from today. China’s 12-month deposit rate was also upped from 2.75% to 3.00%. Initially, markets reacted to the tightening of...

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