Currency News

Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #512

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

Pound To Dollar Exchange Rate Eyes 22-Month Low As ?Risk-Off? Environment Prevails Ahead of NFP Data

1 Jun 2012 at 9 AM - Written by David Woodsmith

In the foreign currency markets, one data release stands head and shoulders above the others – the monthly US Non-Farm Payrolls figure – and today marks the day of publication for the latest edition. Last month’s NFP number came in far below analysts’ expectations, printing at a meagre 115,000. This set the tone for Dollar price...

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Hong Kong Dollar Could Extend Its Recent Gains As US Dollar Is Well-Supported

31 May 2012 at 6 PM - Written by John Cameron

A dismal showing for this afternoon’s US ADP Employment Change figure for May has taken the edge off global risk sentiment. With market participants already fighting shy of riskier asset classes in the early part of the week, due to concerns over Spain’s fiscal position, the disappointing US labour market data this afternoon has...

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Pound To Dollar Exchange Rate Plummets As Japanese Factory Output Slows

31 May 2012 at 9 AM - Written by Tim Boyer

Last night’s Asian session saw an entrenchment of the ‘risk-off’ trading environment which Europe’s markets experienced yesterday. This saw Hong Kong’s Hang Seng index lose almost 1% of its value, while the combined market capitalisation of Tokyo’s Nikkei 225 dipped by 1.63% . The shift out of equities and into safe haven assets...

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Spanish Bond Yields Spiral, Sending Pound To Dollar Rate Lower

30 May 2012 at 6 PM - Written by Minesh Chaudhari

Yesterday’s concerns over Spain’s fiscal position have threatened to escalate into all-out fear during today’s session, as the yields on the debt-addled Iberian state’s benchmark 10-year bills rose to 6.7%, perilously close to the 7%-plus danger zone. Meanwhile, the interest rate paid by Germany on its bonds, which act as a safe-haven...

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Weak US Consumer Confidence Data Sends GBP AED Exchange Rate Lower

29 May 2012 at 6 PM - Written by Frank Davies

A highly disappointing showing for this afternoon’s US Consumer Confidence survey has caused a surge in support for the safe-haven Buck. In early trading today, the GBP USD exchange rate had been on the front foot as global stock markets opened up higher. The driving factor behind this improvement in global risk sentiment during the early...

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Singapore Dollar Makes Gains As Greek Opinion Polls Suggest Pro-Bailout Victory, Sterling Remains Under Pressure

28 May 2012 at 6 PM - Written by David Woodsmith

Today’s session in the currency markets has been marked by a paucity of data releases, due to a public holiday in most parts of the Western world. This has meant that stock market movements have had a key bearing on price action for most of the major pairs. Gains for Asian indices overnight have ensured that levels for the US Dollar slipped...

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Bankia Begs Spain?s Government For ?19bn, Sending EUR USD Rate To 22-Month Low

28 May 2012 at 9 AM - Written by James Fuller

The weekend close in the currency markets has seen concerns grow over the future viability of Spanish retail bank Bankia. It has been reported that the troubled Iberian company has approached Spain’s government with a request for some €19bn of additional capital which it requires in order to shore-up its tattered balance sheet. Early...

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Rupee Makes Gains Against Pound, While Spanish Retail Banking Crisis Looms Holding Back The Euro

25 May 2012 at 4 PM - Written by John Cameron

There was further cause for concern for the euro today, as shares in Spain’s fourth biggest bank, were suspended on the Spanish stock market. Fears are mounting for the eurozone’s retail banking sector, following reports in recent weeks of eight figure sums being withdrawn from Greek banks by account holders concerned that the Hellenic...

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Poor US Manufacturing Data Raises Spectre Of QE3 By The Federal Reserve And Fails To Trigger GBP USD Rate Drop

25 May 2012 at 9 AM - Written by Minesh Chaudhari

Yesterday saw a positive performance for European equities, following Wednesday’s sustained losses. Europe’s stock markets are increasingly taking two steps forward, then one step back, as markets participants struggle to make up their minds about just how bad things are in the eurozone. It was a different story in the US however, as...

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South African Rand Supported By Reserve Bank?s Decision To Hold Domestic Interest Rates, Euro Still In Trouble

24 May 2012 at 6 PM - Written by Toni Johnson

Britain continued to give the impression that it is an economy under pressure during today’s session, as the latest Q1 GDP growth estimate was revised downwards from -0.2% to a worryingly weak -0.3%. The only factor stopping the Pound loose more ground than it did on the day was that other economies have even greater problems. That’s...

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