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American Dollar Forecast Directory - Page #494

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

Pound Australian Dollar Rate Could Go Higher, GBP EUR Rate Up

2 Nov 2012 at 10 AM - Written by David Woodsmith

Last night’s Asian session saw the release of quarterly Producer Price Index numbers for the three months to the end of September. The figure is considered by analysts to be a key leading indicator of future levels of inflation in an economy, so the number was afforded added significance because of next week’s Reserve Bank of Australia...

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Pound Gains In Spite Of Weak UK PMI Manufacturing Data

1 Nov 2012 at 3 PM - Written by Toni Johnson

The sole UK data release of significance so far today provided a disappointment for investors holding Sterling-denominated assets. October’s Purchasing Manager Index for the British Manufacturing sector showed a downward move in activity levels to 47.5 in comparison with September’s showing of 48.1, (which was also downwardly revised). ...

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Pound Performs Strongly Against Euro And US Dollar As BoE Policymakers Hints That QE May End

1 Nov 2012 at 10 AM - Written by Tim Boyer

Last night’s Asian session was marked by the release of a significantly stronger than anticipated Chinese PMI Manufacturing survey for October. The gauge of activity in the Far East’s leading economy’s key production sector showed an increase from September’s disappointing reading of 47.9 to print at a healthier 49.5. A reading of...

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GBP to Euro Exchange Rate Blips Higher On Record Eurozone Unemployment Figure

31 Oct 2012 at 3 PM - Written by David Woodsmith

This morning’s session has brought more worrying data releases for the eurozone, as evidence mounts that the stringent austerity measures across the region’s most debt-strapped states are having a severe effect on the bloc’s real economies. Perhaps the most problematic state of all is Greece – a fact which was underlined by today’s...

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Pound Euro Exchange Rate Tests Lower As Greece Agrees New Debt Deal With Creditors

30 Oct 2012 at 6 PM - Written by Minesh Chaudhari

The Euro has put in another respectable performance against the other majors in the currency markets during today’s session, sending the GBP EUR exchange rate back into the 1.2300s once more. The single currency was assisted by the news that Greece has struck a new deal with its international creditors. The agreed measures, which include...

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Better Than Expected Spanish GDP Data Could Send Pound Euro Exchange Rate Lower

30 Oct 2012 at 10 AM - Written by Frank Davies

Today’s European session has begun with the release of a rare piece of stronger than anticipated data from struggling Spain. The Q3 GDP growth figures from the down-at-heel Iberian state showed a quarter-on-quarter dip in activity of 0.3% - hardly great news at first glance. However, the number was an improvement from Q2’s showing of...

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Encouraging UK Mortgage Approval Data Not Enough To Stop GBP EUR Rate Heading Lower

29 Oct 2012 at 6 PM - Written by Tim Boyer

This morning’s UK Mortgage Approval data provided further evidence that the green shoots of recovery are emerging in the British economy, following last week’s encouraging Q3 GDP data. The gauge of secured loans revealed that 50,000 new mortgages had been signed of in the UK last month, ahead of expectations of a 48,700 showing....

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Currency Exchange Rate Forecast : GBP EUR Rate Could Rise, AUD And USD Could Also Strengthen

26 Oct 2012 at 4 PM - Written by Minesh Chaudhari

This afternoon’s US Q3 GDP growth data bettered expectations, printing at an annualised 2.0% - up from Q2’s 1.3% showing. Cynics will say that the suspiciously large uptick for the figure is due to the impending Presidential election in the States. Whichever way, the US DOLLAR has firmed this afternoon, sending the GBP USD exchange rate...

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Pound Dollar Rate Could Fall On Strong US Data

26 Oct 2012 at 9 AM - Written by David Woodsmith

Yesterday’s headline-grabbing risk event came in the form of the latest UK quarterly GDP data, which battered expectations, showing the highest level of increase in a three month period for over five years. Needless to say, the Pound performed creditably on the day following the release. However, the gains made by Sterling were of a lesser...

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Pound Euro Rate Surges On Best UK GDP Data Since 2007

25 Oct 2012 at 3 PM - Written by Ben Hughes

The Pound received a much-needed boost earlier today when the British government’s official GDP estimate for Q3 showed a quarterly increase of 1.0% - well ahead of analysts’ expectations of a 0.6% print. The figure showed that the UK economy, which had spent the first half of 2012 in a deep slumber, grew by its largest quarterly amount...

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