Currency News

Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #556

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

Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, CHF

11 May 2011 at 3 PM - Written by John Cameron

POUND STERLING This morning’s Bank of England Quarterly Inflation Report was massively supportive for the Pound, with the Bank predicting that the UK economy will return to annualised growth of 3% the year after next and that UK inflation would break above 5% in the near-term. Analysts have adjusted their predictions for UK interest...

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Foreign Exchange Rates : Comments by Eurozone Policy-Makers Determine GBP EUR and EUR USD Rates

11 May 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1355. The Pound Dollar exchange rate (GBP USD) is 1.6363. Yesterday saw another day of rumour and conjecture surrounding the sovereign debt situation in peripheral Eurozone states, with several European policy-makers making comments in an attempt to calm the market’s concerns. EU Economic...

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Foreign Exchange Rate Outlook Forecast for Majors : GBP EUR USD AUD NZD CHF

10 May 2011 at 3 PM - Written by John Cameron

POUND STERLING Sterling traded within tight ranges against the other majors on the day, in the absence of any tier one data. Tomorrow’s Bank of England Quarterly Inflation Report will be closely watched and it is likely that BoE Governor Mervyn King will trot out his usual dovish message on the UK economy. NEAR-TERM OUTLOOK – NEUTRAL...

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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

9 May 2011 at 4 PM - Written by John Cameron

POUND STERLING Today saw the release of further disappointing data in the UK, with the Halifax House Price survey showing an alarming monthly drop in British house prices. A disappointing figure for tomorrow’s RICS house Price figure would add to concerns that the UK property market is dipping. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE....

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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

6 May 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound continued its mini-revival during today’s session following higher than expected Producer Price Index data. The figures added to speculation that a UK interest rate hike may not be as far off as had been previously anticipated. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE. US DOLLAR – The Pound Dollar...

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Foreign Exchange Currency Report : German Factory Order Data and Trichet?s Comments Send EUR USD Rate Lower

6 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1269. The Pound Dollar exchange rate (GBP USD) is 1.6389. The Euro started yesterday’s session strongly, with the GBP EUR rate breaking to a new 14 month low of 1.1059 and the EUR USD rate holding at close to 1.4939, its highest level since December 2009, which it touched earlier in the week....

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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

5 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Bank of England voted to maintain interest rates at their current record low level of 0.50% and decided not to increase the £200bn already allocated to its current asset purchase scheme. This morning’s disappointing UK PMI Services figure failed to stop the Pound gaining significant ground against the Euro and the...

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Foreign Exchange Rate Currency Outlook : AUD, NZD and ZAR Under Pressure as Eurozone and Australian Retail Sales Figures Cause Alarm

5 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1116. The Pound Dollar exchange rate (GBP USD) is 1.6519. Yesterday’s session saw the release of a number of key pieces of economic data in the world’s major economies. For the most part this data disappointed the markets, causing the recent retraction in appetite for risk to...

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Exchange Rate Outlook Forecast for Majors : GBP EUR USD AUD NZD CAD

4 May 2011 at 6 PM - Written by John Cameron

POUND STERLING Today saw another day of Sterling-negative data releases, with the Nationwide House Price survey and PMI Construction sector figures coming in significantly worse than expected. Tomorrow’s Bank of England Monetary policy decision is unlikely to provide any support for the Pound, with rates remaining at 0.50% and no...

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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

3 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound suffered a torrid day on the markets, losing significant ground against all of the sixteen most actively traded currencies. The losses were attributable to worse-than-anticipated PMI Manufacturing figures which were released earlier today. It seems highly unlikely that there will be a UK interest rate rise until...

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