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American Dollar Forecast Directory - Page #569

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

NZD/USD Rate Picks up as Risk Sentiment Wanes

18 Feb 2011 at 3 PM - Written by John Cameron

Barclays issued an advisory note to investors yesterday urging them to buy the US Dollar against the NZ Dollar, predicting that the US Dollar will strengthen throughout the year as the world economy improves. This suggestion that the strong positive correlation which has been seen in recent times between appetite for risk in world markets and...

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Morning Foreign Exchange Report : Arab Unrest Could Cause Oil Price Rally

18 Feb 2011 at 6 AM - Written by John Cameron

US policy-makers expressed fears yesterday over civil unrest in the Gulf state of Bahrain. Government forces stepped in to clear anti-government protestors from a square in the Bahraini capital of Manama, leaving several dead and over a hundred injured. The US Secretary of State, Hilary Clinton telephoned her Bahraini opposite-number...

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Foreign Currency Rate Predictions - USD, EUR, GBP, HKD, NOK, SGD

17 Feb 2011 at 5 PM - Written by John Cameron

US DOLLAR The Federal Reserve’s dovish stance on inflation continues to suppress the Dollar. Today’s CPI inflation figure came out in line with expectations, whilst the Philadelphia Fed Sentiment Survey was significantly better than anticipated. Improved sentiment tends to weaken the Dollar, ceteris paribus. NEAR-TERM OUTLOOK –...

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Exchange Rates : Pound HK Dollar Rate Drops as China Alters Policy

17 Feb 2011 at 12 PM - Written by John Cameron

The Chinese Yuan made gains during yesterday’s overnight session after the Chinese Government set their US Dollar/Yuan parity rate at a record low of 6.5800. This caused broad support for the Hong Kong Dollar as traders continued to use it as a proxy for the state-controlled Yuan. The HK Dollar rallied from 12.60 to touch 12.50 against...

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Morning Foreign Exchange Report : Pound Sterling Rate Falls on Employment Fears

17 Feb 2011 at 8 AM - Written by John Cameron

Yesterday afternoon saw the release of US Producer Price Index numbers which showed that input prices rose by their highest monthly amount since October, 2008. The main event in America came later in the session when the Federal Reserve released minutes of the January FOMC meeting. The minutes predicted that US economic growth would pick up...

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Foreign Currency Rate Predictions - USD, EUR, GBP, TRY, ZAR, JPY

16 Feb 2011 at 4 PM - Written by John Cameron

US DOLLAR The tone of the latest FOMC Minutes, due for release at 1900hrs GMT today, is unlikely to deviate from the dovish line that the Fed has peddled in recent times. Producer price index figures were significantly higher than expectations, however this has failed to cause the Dollar to strengthen as market participants’ US interest...

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Today's Currency Insight - Pound Rallies on Interest Rate Expectations

16 Feb 2011 at 6 AM - Written by John Cameron

In the UK, yesterday’s annualised CPI inflation figure came out at 4.0%, as anticipated. This is double the government’s stated target of 2.0% and represents the highest level of inflation in Britain since November 2008. The figure meant that Bank of England Governor, Mervyn King, had to write a letter of explanation to Chancellor George...

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Foreign Currency Rate Predictions - EUR, GBP, USD, AUD, JPY, ZAR

15 Feb 2011 at 4 PM - Written by John Cameron

EURO The Euro has suffered a turbulent day, finishing the European session over 0.5% down against the Pound. Weaker than expected growth figures from Germany, France and the whole of the Eurozone caused fears of a downturn in the real economy. NEAR-TERM OUTLOOK – NEGATIVE. STERLING The Pound made gains across the board in Tuesday...

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Today's Currency Insight - Volatility Expected for Pound Dollar Rate as Heavy Data Schedule Dominates

15 Feb 2011 at 6 AM - Written by John Cameron

Today sees one of the busiest schedules of data releases in the markets for a considerable time, with several key indicators due out. Two closely watched market indictors have been announced already, during the Asian trading session, in the form of the Australian RBA’s Minutes of its last policy meeting and the Japanese Central Bank’s...

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Foreign Currency Rate Predictions - USD, EUR, GBP, NZD, CAD, CHF

14 Feb 2011 at 5 PM - Written by John Cameron

US DOLLAR The Dollar made significant gains against the Euro in today’s trading session, gaining over half a percent on the day. Policy-makers in the US have remained dovish on a near-term rate hike, tomorrow’s retail sales figure and Wednesday’s inflation figure could alter this. NEAR-TERM OUTLOOK – NEUTRAL TO...

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