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American Dollar Forecast Directory - Page #495

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

Investors Await UK Q3 GDP Figure, NZD Gains On RBNZ Announcement

25 Oct 2012 at 9 AM - Written by John Cameron

The Federal Reserve’s FOMC announcement last night delivered a ‘no change’ result, meaning that the world’s leading central bank will continue its extraordinary monetary policy measures into next year. The Fed also confirmed that it expected US interest rates to remain ultra-low until at least the middle part of 2015. It appears that...

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Pound Euro Exchange Rate Gains On Weak Eurozone PMI Survey

24 Oct 2012 at 4 PM - Written by Tim Boyer

Analysts were expecting this morning’s whole of eurozone Composite Purchasing Managers Index survey to show an increase from last month’s showing of 46.1. It therefore came as a significant blow to the euro when the latest survey of business activity in the region showed a surprise drop to 45.8 – this is the fastest rate of contraction...

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GBP USD Exchange Rate Dips To 6-Week Low, GBP EUR Rate Recovers On Spain Fears

23 Oct 2012 at 4 PM - Written by John Cameron

As per expectations, the Bank of Canada’s policy committee elected to maintain its key lending rate at 1.00% earlier today. However, the Canadian Dollar has been strongly supported in the aftermath of the announcement thanks to the tone of the BoC’s accompanying statement which hinted that a rise in domestic interest rates will be needed...

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Bank Of Canada Policy Announcement Could Stoke Fears Over Chinese Slowdown

23 Oct 2012 at 9 AM - Written by David Woodsmith

Risk remained firmly off the menu during yesterday’s session, following last week’s disappointing Chinese GDP data and the failure of the EU summit to yield any new policy measures. The ‘risk-off’ trading environment saw London’s FTSE 100 and Europe’s bourses give up between 0.20% and 1.00% of their values. However, last night’s...

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Pound Euro Exchange Rate Tumbles To 5 ? Month Low In Spite Of Bundesbank GDP Warning

22 Oct 2012 at 6 PM - Written by Toni Johnson

Risk remained well and truly off the menu during today’s session, thanks to ongoing concerns regarding tensions in the Asian economy. Data released earlier today revealed that Japanese exports to China had tumbled by an annualised 10.3% in September thanks to a boycotting of Japanese products and services by Chinese citizens in protest at...

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Pound Dollar Exchange Rate Under Threat As US/Chinese Trade War Looms

22 Oct 2012 at 9 AM - Written by John Cameron

‘What should go up and doesn’t go up can only come down’, according to the age-old market adage. Investors holding Sterling-denominated assets will be hoping that this tried and tested proverb fails to hold true, following Friday’s session, which saw the release of the latest set of official British public sector borrowing data. The...

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Currency roundup: Euro weakens as Spain yet again denies the need for aid

19 Oct 2012 at 4 PM - Written by Ben Hughes

The single currency has fallen for a second day in a row following Mariano Rajoy’s denial that Spain will request a bailout. Rajoy told his fellow European leaders at a summit in Brussels that his nation doesn't feel under any pressure to request a bailout despite the markets growing increasingly annoyed with the delays and...

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Yen is set to plummet against the Dollar, Euro heads for gains

19 Oct 2012 at 11 AM - Written by Frank Davies

The Japanese Yen is set to make its biggest decline against the US Dollar since August due to increasing speculation that the Bank of Japan will boost stimulus in an effort to get the nation’s economy back on course. Such a move will almost certainly lead to a reduction in demand for the nations assets as a safe-haven. Bank of Japan...

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Successful Spanish Bond Auction Sends GBP EUR Exchange Rate Lower, Strong Swiss Export Data Helps The CHF

18 Oct 2012 at 4 PM - Written by David Woodsmith

This morning’s sale of Spanish 3, 4 and 10 year government bills was a qualified success, providing the euro with further positive impetus as today’s two day eurozone summit gets underway. It was a case of ‘win-win’ for the debt-troubled Iberian state’s policymakers, with the debt sale, which many analysts had considered to be a...

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Chinese GDP Growth Slows Again, British BoE Policymaker Tucker Issues Dire Warning

18 Oct 2012 at 9 AM - Written by Minesh Chaudhari

They used to say that America sneezed and the rest of the world caught a cold. Last night’s Chinese Q3 GDP growth data, which showed that economic activity in the world’s second largest economy slipped from an annualised 7.6% during Q2 to 7.4% in the three months to the end of September, suggests that it’s now a case of the world...

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