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Daily Exchange Rate Forecasts & Currency News

American Dollar Forecast Directory - Page #566

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

Exchange Rate Predictions ? GBP, USD, EUR, AUD, ZAR, SGD

4 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING Sterling has suffered heavy selling pressure over the last 24 hours following yesterday’s worse-than-anticipated PMI Services Sector figure. This morning’s Halifax House Price survey for February showed a monthly contraction in the UK housing market. Meanwhile, Sterling loses ground to the Euro on relative interest rate...

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Pound Dollar Rate ? GBP/USD Trades Down While EUR Breaks 1.40 Against USD

4 Mar 2011 at 1 PM - Written by John Cameron

The release of the most recent weekly Initial Jobless figure in the States caused some positive sentiment regarding the strength of the real economy in the States. The figure came out almost 30,000 below expectations at 368,000 new claims. This provided grounds for optimism that this Afternoon’s key Non-Farm Payrolls figure for February...

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Pound Australian Dollar Report : GBP/AUD Rate Refuses to Dip as Aussie Suffers Interest Rate Concerns

4 Mar 2011 at 9 AM - Written by John Cameron

With global share markets rallying on the day yesterday, other things being equal, analysts would normally expect the Australian Dollar to gain ground due to its role as a risk-sensitive, commodity-driven currency. However, the Pound Australian Dollar exchange rate (GBP/AUD) is 1 GBP = 1.6035 AUD, only marginally better than the 1.61...

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Foreign Exchange Rates - GBP/EUR Down While USD Remains Under Pressure

4 Mar 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6260 at present and the Pound Euro exchange rate (GBP/EUR) is 1.1640. GBP/EUR started yesterday’s European session trading just above 1.1790 and had touched 1.1649 before the end of the North American session. It is currently holding marginally below the key 1.1650 level. The next support...

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Exchange Rate Predictions - GBP, EUR, USD, JPY, NOK, INR

3 Mar 2011 at 3 PM - Written by John Cameron

POUND STERLING The Pound opened the day on the back foot with the release of worse-than-expected Service Sector results. It struggled to recover throughout the session and in the absence of any further data for the remainder of the week, is likely to continue to trend downwards. Next week’s bank of England Interest Rate announcement is...

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GBP/USD Exchange Rates : Pound Dollar Rate Drops as PMI Figure Causes Selling Pressure on Pound Sterling

3 Mar 2011 at 9 AM - Written by John Cameron

Global equities markets had a mixed day yesterday, but the leading sentiment indicator, the S&P 500, closed down by over a percentage point at 1308, almost 3% lower than it was as recently as 21st February. This confirms a dip in global appetite for risk which would normally see the dollar benefit as the world’s reserve currency of choice....

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Exchange Rate Predictions - GBP, EUR, USD, CHF, AED, HKD

2 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound lost some ground in yesterday’s session due to dovish comments from Mervyn King. This morning’s PMI Construction sector figure came out significantly better than expected in February, helping to fuel speculation that the real economy in the UK is waking from its slumber. However, the chances of a rate hike in...

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Foreign Exchange Insight : Outlook For Swiss Franc is Bright as GBP/CHF Rate Improves and USD/CHF Rate Drops

2 Mar 2011 at 12 PM - Written by John Cameron

Political unrest in Libya is threatening to escalate into civil war as pro-Gaddafi forces move into rebel territory to capture an oil installation in the eastern city of Brega. Government jets have also carried out air strikes against rebel weapons dumps. Continued unrest has seen a return of risk aversion to the markets with the...

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Foreign Exchange Rates : GBP/USD Rate Pulls Back as Stock Markets Fall

2 Mar 2011 at 9 AM - Written by John Cameron

Asian stock markets suffered heavy losses overnight, with Tokyo’s Nikkei closing 2.20% lower and Hong Kong’s Hang Seng currently trading down by almost 2%. These losses follow pronounced downward moves for the FTSE 100 and the S&P 500, which lost 0.97% and 1.57% respectively, on the day yesterday. Fears persist in global markets that...

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Exchange Rate Predictions - GBP, EUR, USD, CAD, NZD, JPY

1 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound has traded under the radar against the other majors today as the main price action in the markets affected other currencies. Yesterday’s session was massively positive across the board for the Pound, with commentators speculating that the gains were due to institutional investors adjusting their positions for the...

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