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American Dollar Forecast Directory - Page #511

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

Weak US Retail Sales Data Sends Pound To Dollar Exchange Rate Lower

14 Jun 2012 at 9 AM - Written by David Woodsmith

STORY LINK Weak US Retail Sales Data Sends Pound To Dollar Exchange Rate Lower

Yesterday brought a packed schedule of data releases in the global economy. The overall verdict by market participants was negative, as evidenced by a move lower for North American stock indices and Europe’s bourses. Perhaps the most damaging individual risk event came in the US, with yesterday afternoon’s May Retail Sales data. The...

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Norwegian Krone Remains Tethered To Euro ? Bad News As Pound To Euro Rate Climbs

12 Jun 2012 at 6 PM - Written by Toni Johnson

STORY LINK Norwegian Krone Remains Tethered To Euro ? Bad News As Pound To Euro Rate Climbs

A busy schedule of UK data releases on the day saw a decidedly mixed bag of results for the British economy. This morning’s UK Manufacturing data provided a real lowlight, revealing that activity in this key sector of the British economy contracted by some 0.7% between March and April of this year. On a more positive note, this...

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Canadian Dollar And Global Stocks Suffer As Appetite For Risk Evaporates

11 Jun 2012 at 6 PM - Written by Tim Boyer

STORY LINK Canadian Dollar And Global Stocks Suffer As Appetite For Risk Evaporates

The euro’s relief rally following this weekend announcement that Spain’s banking sector is set to receive €100bn of emergency funding, proved to be ephemeral. The GBP EUR exchange rate started the week at a significantly lower level that that at which it was trading at the time of last Friday’s close. However, within 14 hours, the...

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Euro Enjoys Relief Rally Following Eurogroup Announcement Of ?100bn Bailout For Spanish Banks

11 Jun 2012 at 9 AM - Written by Frank Davies

STORY LINK Euro Enjoys Relief Rally Following Eurogroup Announcement Of ?100bn Bailout For Spanish Banks

Question – when is a bailout not a bailout? Answer – when it’s arranged by debt-addled Iberian giant Spain’s policy-makers. At least, that’s the conclusion which many political and financial commentators have reached following events in Europe over the past 48hrs. The eurozone group of finance ministers used the weekend closedown...

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Euro remains relatively steady despite rumours of a Spanish bailout

8 Jun 2012 at 4 PM - Written by John Cameron

STORY LINK Euro remains relatively steady despite rumours of a Spanish bailout

Rumours were rife in the currency markets during this morning’s European session, that Spain is set to make a request for emergency funding in order to rescue its floundering retail banks. Spanish policy-makers were quick to refute the whispers, but this wasn’t enough to prevent a shift out of risk-laden assets including global equities...

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Bernanke?s Words Cause Pound To Dollar Rate To Ease, Euro Remains Steady

8 Jun 2012 at 10 AM - Written by Toni Johnson

STORY LINK Bernanke?s Words Cause Pound To Dollar Rate To Ease, Euro Remains Steady

Federal Reserve Chairman Ben Bernanke spoke late yesterday and global currency market participants listened. The head of the world’s leading central bank is often looked to for direction on the future direction of the global economy and yesterday was no exception; Bernanke asserted that he was ‘ready to act’ if the economic situation in...

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Euro Weakens On Spanish Debt Fears, Taking Swiss Franc With It

7 Jun 2012 at 6 PM - Written by David Woodsmith

STORY LINK Euro Weakens On Spanish Debt Fears, Taking Swiss Franc With It

Price movement in today’s session in the currency markets has been driven by interest rate decisions and commentaries by some of the world’s leading central banks. The Bank of England kept it monetary policy stance ‘on hold’, with domestic interest rates remaining at their current record low levels of 0.50% and the UK’s QE programme...

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Appetite For Risk Returns Triggering A Shift Out Of The Yen And The US Dollar

6 Jun 2012 at 6 PM - Written by John Cameron

STORY LINK Appetite For Risk Returns Triggering A Shift Out Of The Yen And The US Dollar

Today’s session in the currency markets has been marked by a surge in global appetite for risk, which has been triggered by an unlikely source – Mario Draghi, the President of the ECB. Draghi used his post-ECB rate decision press conference to hint that Europe’s central bank is considering an easing of monetary policy in an attempt to...

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Pound To Dollar Exchange Rate Remains Under Pressure As Spain?s Debt Woes Deepen

6 Jun 2012 at 9 AM - Written by Frank Davies

STORY LINK Pound To Dollar Exchange Rate Remains Under Pressure As Spain?s Debt Woes Deepen

This week’s session has started with the emergence of further gloomy economic data and negative commentary from key international policy-makers, adding to the gloomy mood in the global currency markets. Monday’s US Factory Order data for April built on the negative sentiment which surrounded last Friday’s US Non-Farm Payrolls figure,...

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Weak Showing For US Non-Farm Payrolls Data Puts Pound To Dollar Exchange Rate At Risk

1 Jun 2012 at 4 PM - Written by Tim Boyer

STORY LINK Weak Showing For US Non-Farm Payrolls Data Puts Pound To Dollar Exchange Rate At Risk

Highly disappointing US Non-Farm Payrolls data, released earlier this afternoon, have ensured that risk aversion has once again won the day during today’s session. The key labour market figure showed that only 69,000 jobs had been created in America’s giant economy last month, against analysts’ expectations of a 150,000 increase. The...

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