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American Dollar Forecast Directory - Page #567

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

Foreign Exchange Insight : USD/CAD Rate Hits 40 Month Low as Outlook for Canada Improves

1 Mar 2011 at 2 PM - Written by John Cameron

STORY LINK Foreign Exchange Insight : USD/CAD Rate Hits 40 Month Low as Outlook for Canada Improves

As expected this afternoon, the Bank of Canada opted to maintain interest rates at their current 1.0% level. However, the CAD edged slightly downwards against the majors in the aftermath of the decision as the accompanying statement noted that the Canadian economy still has ‘significant excess supply’, playing down inflationary pressures...

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Foreign Exchange Rates : GBP/USD Breaks to 12-Month High

1 Mar 2011 at 9 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates : GBP/USD Breaks to 12-Month High

Appetite for risk continued to pick up during yesterday’s session, with the benchmark S&P 500 index gaining a further 0.5% on the day, following Friday’s gains of over 1%. It appears that the decisive action by the international community to call for Colonel Gaddafi to relinquish power in Libya has increased confidence that civil unrest...

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Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, TRY, ZAR, AUD

28 Feb 2011 at 4 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, TRY, ZAR, AUD

POUND STERLING The Pound has enjoyed a positive day, possibly due to a technical bounce following Friday’s negative performance. Sterling lost ground after the downward revision to the quarter 4 UK GDP figure on Friday as analysts revised their UK interest rate expectations downwards. Bank of England Governor Mervyn King speaks tomorrow,...

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Foreign Exchange Rates : GBP/USD Rate Trades Higher

28 Feb 2011 at 10 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates : GBP/USD Rate Trades Higher

The Dollar has had a losing start to the week and is currently trading down by over 0.5% on the day against both the Pound Sterling and the Euro. Events in Libya look to be moving towards a conclusion, with anti-government forces gaining control of increasing swathes of the country and the international community calling for Colonel...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts

Morning Foreign Exchange Report : Oil Prices Edge Lower and Appetite for Risk Strenthens

28 Feb 2011 at 6 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Oil Prices Edge Lower and Appetite for Risk Strenthens

Wholesale crude oil prices edged downwards during Friday’s session, having touched 30-month highs on Thursday. Political instability in North Africa had caused crude to rally, but the bidding pressure eased on Friday following comments from Saudi Arabian officials suggesting that they would be expanding oil production, perhaps by as much as...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Jap Forecasts

Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, NOK, SGD, CHF

25 Feb 2011 at 4 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, NOK, SGD, CHF

POUND STERLING The Pound took a hammering in the markets today as the Q4 GDP Figure was revised downwards from an initial estimate of -0.5% to -0.6%. Analysts had expected the figure to show an improvement following hints in the Bank of England MPC Minutes for February’s MPC meeting. Futures markets have downwardly revised UK interest...

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Morning Foreign Exchange Bulletin : Sterling Exchange Rate Drops on Worrying CBI Figure

25 Feb 2011 at 6 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Bulletin : Sterling Exchange Rate Drops on Worrying CBI Figure

Leading stock exchanges suffered varying losses during yesterday’s European and North American sessions, with the FTSE 100 trading almost level on the day, whilst in Europe, the Frankfurt Dax and Paris Cac came under renewed selling pressure. The S&P 500 closed only slightly down on the day, signalling reducing panic in the market than in...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts Daily Currency Forecasts

Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, HKD, CAD, INR

24 Feb 2011 at 3 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, HKD, CAD, INR

POUND STERLING The Pound has suffered a poor day on the Foreign Currency markets as analysts digested the minutes of this month’s Bank of England Policy meeting, released yesterday. Three of the nine-man committee voted for a rate hike, meaning that two other members will have to join them next month to precipitate a rise. The minutes...

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Currency Report : Hong Kong Dollar Rate Slips as Share Market Tumbles

24 Feb 2011 at 11 AM - Written by John Cameron

STORY LINK Currency Report : Hong Kong Dollar Rate Slips as Share Market Tumbles

Hong Kong's Financial Secretary John Tsang delivered the annual budget address yesterday, giving cause for optimism regarding the economic situation. He announced that Hong Kong’s economy had expanded by 6.8% last year, largely due to its strong links with China and predicted that GDP would expand by a healthy 4-5% in 2011. Much of the...

CATEGORIES: Hong Kong Dollar Forecasts Pound Hong Kong Dollar Forecasts

Morning Foreign Exchange Report : Stock Markets Continue to Fall, but US Dollar Weakens

24 Feb 2011 at 7 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Stock Markets Continue to Fall, but US Dollar Weakens

With Libyan authorities continuing to use violence to suppress pro-democracy demonstrators, an end to the insurgence in the Arab state looks to be some way off. The situation continues to drive wholesale oil prices to new near-term highs, with analysts estimating that unrest in Libya has caused a loss of production of around one million...

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