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Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #496

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

Draghi?s Comments Send GBP EUR Exchange Rate Higher

6 Dec 2012 at 6 PM - Written by Toni Johnson

The euro has suffered a concerted bout of selling pressure this afternoon thanks to comments made by European Central Bank President Mario Draghi in his post-policy announcement press conference. Draghi dropped heavy hints that his Bank may well cut its key lending rate in the early part of 2013 when he commented that the EBC’s board...

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GBP NZD Exchange Rate Eases Following RBNZ Comments, GBP AUD Rate Down On Jobs Data

6 Dec 2012 at 9 AM - Written by Frank Davies

Last night’s Asian session brought the release of two significant pieces of data from the Antipodes. Perhaps the weightiest development came in New Zealand with the latest Reserve Bank of New Zealand policy announcement which saw the Bank’s policy committee opt to maintain its key lending rate at 2.5%, as per analysts’ expectations....

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Sterling Holds Its Ground In Spite Of Gloomy UK Autumn Statement

5 Dec 2012 at 6 PM - Written by John Cameron

The Pound has held up relatively well during this afternoon’s trading session in spite of a gloomy Autumn statement from UK Chancellor George Osborne earlier. The Chancellor’s speech to the British parliament revealed that austerity measures will now be extended until 2018 due to the ruling coalition government’s failure to hit its own...

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Pound Euro Exchange Rate Prediction For Today, USD & CAD Forecasts

4 Dec 2012 at 6 PM - Written by John Cameron

The POUND STERLING has once again struggled to assert itself against the other majors in the currency markets during today’s session, this time thanks to a disappointing PMI Construction survey released earlier. Analysts had been anticipating that the barometer of activity in the British building sector would point to an expansion; when it...

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Pound Australian Dollar Exchange Rate Eases In Spite Of Overnight RBA Interest Rate Cut

4 Dec 2012 at 11 AM - Written by David Woodsmith

Australia provided the main event in the currency markets during last night’s Asian session when the Reserve Bank of Australia announced its monetary policy decision for this month. A trimming of rates has been on the cards for the Anipodean central bank for almost the whole of the intervening period since its 2nd October decision to cut...

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Positive Chinese Data Sends Pound Dollar Exchange Rate Higher Today

3 Dec 2012 at 6 PM - Written by Toni Johnson

Last night’s Asian session brought the release of another set of encouraging data from the world’s second largest economy. The Chinese HSBC Manufacturing PMI survey for last month showed at 50.5, significantly up from October’s reading of 49.5. The print of above 50 indicates that activity in China’s vast manufacturing sector had...

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Dire Warning On UK Deficit From British Chancellor George Osborne Threatens GBP EUR Exchange Rate

3 Dec 2012 at 9 AM - Written by Ben Hughes

The weekend currency market close brought bad news for the Pound when British Chancellor George Osborne took to the airwaves ahead of his Autumn statement, which he is set to deliver to parliament on Wednesday. Osborne used a television interview yesterday to manage the expectations of market participants when he warned that cutting the...

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Currency Exchange Rate Forecasts For GBP to EUR Exchange Rate, USD & NZD Predictions

30 Nov 2012 at 2 PM - Written by James Fuller

The EURO has continued its positive performance against Sterling on the day, sending the GBP EUR exchange rate down to 1.2319 this afternoon. Comments from ECB President Mario Draghi during a French television interview this morning served to sooth investors; Draghi stated that mainland Europe’s economy would start moving forward again next...

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Indian GDP Data Disappoints, But GBP USD Exchange Rate Holds Steady Above 1.6000 Level

30 Nov 2012 at 10 AM - Written by John Cameron

Economic data released overnight from emerging superpower India revealed that economic activity in the nation had cooled in the third quarter of this year. GDP in India expanded by a respectable annualised 5.3% in the three months to the end of September, however this was down from the previous reading of 5.5% in quarter 2. The news comes as...

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Pound Dollar Exchange Rate Tumbles As US Housing Sector Data Disappoints

29 Nov 2012 at 9 AM - Written by Frank Davies

Yesterday’s afternoon session brought the release of a slightly disappointing set of US housing sector data. The New Homes Sales figure for October showed a marginal downward move to 368,000 from September’s 369,000 showing. Analysts had been factoring in a marked increase to 390,000. This outcome was particularly disappointing given...

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