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American Dollar Forecast Directory - Page #516

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

Spanish Yields Spiral And German Factories Suffer, Threatening The Euro

21 Jun 2012 at 4 PM - Written by Ben Hughes

The dark days continue for the euro. This morning’s German PMI survey revealed that the rate of growth in the European powerhouse economy’s services sector is slowing. More worrying, the country’s PMI manufacturing survey showed that Germany’s manufacturing base is in contraction. Matters got worse for the single currency later in...

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Pound To Dollar Exchange Rate Edges Lower As Fed Announces A Renewal Of 'Operation Twist'

21 Jun 2012 at 10 AM - Written by David Woodsmith

The major development in the currency markets overnight saw the Federal Reserve issue another gloomy assessment of the prospects for the US economy moving forward. The Fed slashed its 2012 growth forecast for America’s vast economy by half a percentage point and stated that it foresees the country’s rate of unemployment edging higher to...

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GBP AED Rate Gains As Investors Price-In QE3 In The US

20 Jun 2012 at 6 PM - Written by Tim Boyer

The Pound Sterling received a body-blow earlier today, when the minutes of the most recent meeting of the Bank of England’s monetary policy committee were released. In recent months, only two affirmed doves, have supported an extension to the UK’s £325bn Quantitative Easing scheme, so investors were shocked to learn that this month’s...

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Pound To Dollar Exchange Rate Could Spiral If Fed Announces QE3 Tonight

20 Jun 2012 at 9 AM - Written by John Cameron

As the world economy continues to send out signals that it is veering out of control, global policy makers seem to have only one solution – to meet up in an exotic country and talk about the world economy veering out of control. The latest G20 summit concluded in Mexico yesterday and provided more noteworthy comments from global...

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Indian Rupee Continues To Suffer, While US Dollar Set To Tumble If Fed Announces QE3

19 Jun 2012 at 6 PM - Written by John Cameron

There was further bad news for the euro earlier today when the latest ZEW Sentiment Survey in Germany showed at a dramatically lower level than had been anticipated. The general feeling amongst analysts is that the single currency will be ‘OK’ as long as Germany continues to prosper, so the release was particularly damaging for the euro,...

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Dire UK CPI Inflation Data Triggers Talk of More British QE, Sending GBP USD Rate Lower

19 Jun 2012 at 10 AM - Written by Minesh Chaudhari

Last night saw a disappointing showing for Asian equities markets following leading credit ratings agency Fitch’s announcement that it is downgrading its outlook for India’s giant economy to ‘negative’. The development saw both the Tokyo and Hong Kong indices lose ground overnight, leaving investors in no doubt – what is bad news...

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Fears Rise Over Spanish Debt Yields, Triggering Upside For GBP SGD Exchange Rate

18 Jun 2012 at 6 PM - Written by David Woodsmith

One risk event dominated all others in the currency markets during today’s session – the fallout from yesterday’s general election in Greece. Although considerable uncertainty remains amongst the investment community, one thing appears clear – Greece will not be leaving the euro, in the near-term, at least. With exit polls in the...

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GBP INR Rate Could Rise On Weak US Michigan Confidence Survey

15 Jun 2012 at 4 PM - Written by Ben Hughes

Last night’s news that the bank of England is set to introduce two separate stimulus measures aimed at increasing liquidity in the UK’s banking sector sent Europe’s bourses and the FTSE 100 higher during this morning’s session. However, the Sterling-positive development was tempered by worrying British trade data which revealed that...

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Rand Improves On Positive Euro Sentiment ? Pound To Dollar Rate Edges Up

14 Jun 2012 at 6 PM - Written by Tim Boyer

A packed day of data of global data releases saw European stocks suffer, whilst their North American counterparts registered healthy gains. Higher than anticipated US CPI Inflation figures, released earlier, showed an annualised increase of 2.3% - this was ahead of analysts’ expectations of a 2.2% rise. The fact that US price rises remain...

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

14 Jun 2012 at 9 AM - Written by David Woodsmith

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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