Currency News

Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #487

A round up of the latest American Dollar forecast news items from the Currency News desk.

Pound Euro Exchange Rate (GBP EUR) Breaks To New 9 ? Month Low, Negative Signs For Australia?s Housing Sector

14 Jan 2013 at 4 PM - Written by John Cameron

This morning’s whole of eurozone Industrial Production data for November showed an annualised drop of some 3.7% in the region’s total factory output. The drop shows that the contraction in the level of goods and services coming out of Europe’s factories is picking up pace – October’s counterpart figure showed at -3.3%. The ugly...

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GBP EUR Exchange Rate Forecasted To Head Lower Despite Record Greek Unemployment Figure

11 Jan 2013 at 9 AM - Written by Frank Davies

Japan’s recently-elected Prime Minister Shinzo Abe issued a statement of intent last night when his new government announced that it will be injecting a mammoth 10.3 trillion Yen of new credit into the nation’s ailing economy in an attempt to spur domestic economic growth. Japan’s policymakers have estimated that the package, which...

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Foreign Currency Exchange Rate Predictions For GBP, EUR, AUD And SGD For Today

10 Jan 2013 at 6 PM - Written by John Cameron

The POUND STERLING should have recorded gains today, following the news that the Bank of England’s monetary policy committee decided against any further loosening of the UK’s domestic monetary policy. The fact that Sterling has lost ground against the euro, Australian and Kiwi Dollars is indicative of the negative sentiment surrounding...

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Pound Australian Dollar Exchange Rate (GBP AUD) Down As Investor Sentiment Remains Buoyant

9 Jan 2013 at 2 PM - Written by David Woodsmith

On the face of it, this morning’s UK trade balance data for November provided further cause for pessimism regarding the future prospects for Britain’s economy. The figure showed that the UK’s total trade gap stood at a whopping £3.466bn the month before last – well ahead of analysts’ expectations of a showing of £3.00bn. Members...

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Pound Euro Exchange Rate (GBP EUR) Tumbles On Barroso?s Words

8 Jan 2013 at 9 AM - Written by Tim Boyer

Sterling endured a mixed day in the currency markets yesterday, initially recording pronounced losses against the Australian and Kiwi Dollars. An encouraging set of new car sale data, released by the SMMT yesterday morning, showed that British new car sales had reached their highest level since 2008 last year, providing some reason for...

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Sterling loses Ground Against AUD And NZD Following UK Halifax House Price Survey, GBP EUR Exchange Rate Up

7 Jan 2013 at 2 PM - Written by James Fuller

This morning brought more glum news for UK economic participants in the form of the latest Halifax House Price survey. The closely-watched gauge of the state of Britain’s housing sector concluded that the average UK house price dipped by 0.3% during 2012. The market is expected to remain subdued throughout this year, with no alteration to...

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Foreign Currency Exchange Rate Forecast For GBP USD and GBP CAD

4 Jan 2013 at 3 PM - Written by Ben Hughes

The main event in the global currency markets this afternoon came in the US, with the release a few minutes ago of the latest American employment data. Not for the first time, the closely-watched US labour market figures proved to be a ‘curate’s egg’ – on the credit side, the numbers showed that 155,000 new jobs had been generated in...

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Pound Euro Exchange Rate (GBP EUR) Heads Lower Following Dire UK PMI Services Data

4 Jan 2013 at 10 AM - Written by Ben Hughes

This morning’s session started on a duff note for the euro following the release of a disappointing set of Purchasing Manager Index surveys for the whole of eurozone and for Europe’s primary economic power – Germany. The Teutonic PMI survey for the services sector was a particular blow for the single currency, showing a dip in...

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Pound Euro Exchange Rate (GBP EUR) Remains In The 1.23s Despite Positive Unemployment Data

3 Jan 2013 at 3 PM - Written by John Cameron

Today’s session has been dominated by the release of employment data from several major global economies. The eurozone led the way this morning when German labour market data for December was published. Although the numbers showed that the overall level of unemployment in the powerhouse Teutonic economy had risen for the ninth month on the...

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Pound Dollar Exchange Rate (GBP USD) Dips Despite US 'Fiscal Cliff' Debt Deal

3 Jan 2013 at 9 AM - Written by Frank Davies

Yesterday’s session in the currency markets saw a return to more usual levels of volume for the first time since the week prior to Christmas. It also brought some significant price action as institutional investors scrambled to adjust their positions following the announcement of an agreement between warring Democrat and Republican factions...

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