Currency News

Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #561

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

Morning Foreign Exchange Report - Euro Rally Threatened by Irish Banking Stress Test as GBP/EUR Rate Stays Low

31 Mar 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1382. The Euro Dollar exchange rate (EUR/USD) is 1.4136. Yesterday’s session saw a rare piece of positive data for the Pound, with the release of better-than-anticipated Services Sector data by the UK Office of National Statistics. The figure showed that the key services sector grew by 1.3%...

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

30 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound held its ground on the day following some slightly better-than-expected Retail Sales figures from the CBI. With little other data of note until the release of tonight’s GFK Consumer Confidence Survey, the Pound has been open to range trading. It remains perilously close to a 5 month low against the Euro. A close...

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Morning Foreign Exchange Market Report : GBP/EUR Rate Drops to 5 Month Low In Spite of Eurozone Debt Worries, While the US Currency Makes Gains and the AUD Powers Forward

30 Mar 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1356. The Pound Dollar exchange rate is 1.6003. The Australian Dollar US Dollar exchange rate (AUD/USD) is 1.0327. There were significant moves in the currency markets during yesterday’s session as market participants reacted to a heavy schedule of data releases. The most significant of these...

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End of Day Exchange Rate Outlook Forecast For Major Currencies : GBP, USD, EUR, AUD, NZD, CAD

29 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING Today’s UK economic data releases provided some much-needed good news for the Pound. The finalised quarterly GDP figure for Q4 was improved upwards to -0.5%, while February Mortgage Approvals were higher than had been expected. However, even with this data Sterling struggled against the other majors. NEAR-TERM OUTLOOK –...

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Foreign Exchange Rates ? EUR/USD Threatens Near-Term High as US Currency Weakens on Improved Economic Data

29 Mar 2011 at 9 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6029. The Euro Dollar exchange rate (EUR/USD) is 1.4136. Yesterday afternoon’s UD economic data releases showed some encouraging signs for the recovery in the States. Consumer spending figures for last month came out at 0.7%, better than the expected level of 0.5%. However, some commentators...

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

28 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING Interest rate expectations continue to dog the Pound, with MPC member Adam Posen predicting today that the UK government’s austerity measures will have a ‘meaningful’ cooling effect on price rises. Another MPC member, Andrew Sentance, also spoke today, re-iterating his strongly-hawkish stance on rates. However,...

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Morning Foreign Currency Exchange Outlook - EUR/USD Rate Heads Lower as Market Remains Unconvinced by Eurozone Bail-Out Proposals and US Dollar Picks Up

28 Mar 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1393. The Euro Dollar exchange rate (EUR/USD) is 1.4058. The major development in currency markets on Friday was the agreement reached by the 17 EU Leaders in Brussels regarding the future Eurozone sovereign debt policy. At first glance, the accord appeared to be Euro-positive, with the European...

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

25 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING With no tier one data releases in the UK, the Pound traded in a tight range against all of the 16 most traded currencies, with the exception of the high-yielders, which continued to trend stronger against Sterling. The Pound continues to be weighed down by dovish interest rate expectations and the threat of a credit...

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Foreign Exchange Rates - GBP/EUR Rate Plummets on Relative Interest Rate Expectations and Rumours of a UK Debt Downgrade

25 Mar 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1352. The Euro Dollar exchange rate (EUR/USD) is 1.4159. The Euro experienced an unusual trading session on the day yesterday. With a slew of apparently negative data and information emerging regarding the single economic area, the Euro should have been showing red across the board. However, the...

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End of Day Foreign Currency Market Predictions : GBP EUR USD AUD NZD CAD

24 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound endured a shocking day on the markets, trading in the red across the board. The session began badly for Sterling with February’s Retail Sales figures coming out considerably worse than expected at -0.8%. Meanwhile, North Sea Oil Producers have warned that the windfall tax on their industry, announced in...

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