Currency News

Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #499

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

Pound To NZ Dollar Exchange Rate Falls On Strong NZ GDP Growth Data, Poor Japanese Trade Figures Threaten GBP USD Rate

20 Sep 2012 at 9 AM - Written by David Woodsmith

Fears that levels of economic activity in New Zealand’s commodity-dependent economy are dropping off the edge of a cliff were allayed by the release of Q2 GDP growth data during last night’s Asian session. The numbers revealed that the Kiwi economy had expanded by an annualised 2.6% in the three months to the end of June – up from...

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US Dollar Could Be Supported Due To Sino-Japanese Standoff, Markets Nervously Await Spanish Bond Auction

19 Sep 2012 at 4 PM - Written by John Cameron

This morning’s Bank of England minutes suggested that the recent easing bias of the UK’s monetary policy may be set to continue. Talk of ‘subdued and uncertain’ growth suggest that the nine-man committee feels that Britain’s flailing economy will require further assistance sooner rather than later. It looks likely, in spite of the...

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Fears Over Creditworthiness Of Spanish Retail Banking Sector Take Pound To Euro Exchange Rate Higher

19 Sep 2012 at 9 AM - Written by John Cameron

Yesterday’s session in the global currency markets brought renewed fears regarding the health of Spain’s down-at-heal retail banking sector after the country’s central bank revealed that the debt-ridden Iberian state’s banks are collectively holding a record amount of bad debt. The Bank of Spain’s numbers showed that a whopping 9.9%...

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Trade Wars ? US reports China To The World Trade Organisation ? GBP USD Exchange Rate Under Threat?

18 Sep 2012 at 9 AM - Written by David Woodsmith

Yesterday’s session saw another of the world’s largest central banks announce a loosening of monetary policy in an overt attempt to kick-start its domestic economy. This time it was the Reserve Bank of India announcing a measure aimed at getting funds flowing from the country’s retail banking sector into small businesses and to private...

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Pound To Dollar Exchange Rate Continues To Head Higher, NOK and CAD Remain Steady In Spite Of Oil Price Rally

17 Sep 2012 at 4 PM - Written by James Fuller

The QE3 equities boost appears to have run out of steam this afternoon. Thursday evening’s announcement by the FOMC saw world shares well-supported as we headed towards the weekend, however the Fed’s stimulus package wasn’t able to mask fears from institutional investors regarding various global situations for long. One potential...

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Greek PM Talks Of ?Catastrophic? Debt Default ? Pound To Dollar Upside May Not Last

17 Sep 2012 at 9 AM - Written by John Cameron

Global stocks continued on their post-QE3 upward trajectory during Friday’s session, with London’s FTSE 100 ending the day up by over 1.5%. New York’s Dow Jones registered a less pronounced upward move on the session, ending the day only 0.40% higher than Thursday’s close, suggesting that the euphoria following the Fed’s...

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Fed Announces $40bn QE3 Programme, Sending GBP USD Higher And Pressurising GBP AUD, GBP NZD & GBP ZAR Exchange Rates

14 Sep 2012 at 9 AM - Written by Minesh Chaudhari

Yesterday afternoon’s announcement by the US Federal Reserve that it would be resuming its Quantitative Easing policy has seen global stocks rally strongly, as institutional investors acted rapidly to shift their assets out of the safe haven of the US Dollar treasury bill. The Fed’s decision brought an immediate positive response from...

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Pound To Dollar Exchange Rate Eases Ahead of FOMC QE3 Decision, Swiss Franc To Stay Weak

13 Sep 2012 at 4 PM - Written by Tim Boyer

We’re not there yet, but it isn’t far away – the Federal Reserve’s FOMC is set to announce their latest policy decision in an hour’s time and market participants are adjusting their positions to cover all potential eventualities. The upshot has been that the GBP USD exchange rate has come under selling pressure this afternoon,...

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Pound to Dollar Exchange Rate Could Tumble If Federal Reserve FOMC Fails To Announce QE3

13 Sep 2012 at 9 AM - Written by David Woodsmith

It’s Thursday September 13th. It’s Federal Reserve FOMC decision day - and that means one thing for the currency markets – pronounced price action. The US central bank’s policy committee has been in purdah for almost 48hrs now. At 16:30hrs BST, Fed Chairman Ben Bernanke will announce the fruits of their deliberations when he reveals...

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UK Trade Gap Narrows Supporting The Pound, While Euro Investors Await Key Announcements

11 Sep 2012 at 4 PM - Written by Minesh Chaudhari

Today has brought a quiet-ish day for global data releases. The main events have come in the form of trade figures for July, released on either side of the Atlantic. The UK led the way, with numbers which revealed that the nation’s domestic trade deficit had contracted to £1.5bn in July – significantly down from June’s £4.3bn...

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