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Australian Dollar Forecast Directory - Page #128

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

Euro Exchange Rate Today: GBP EUR Climbs As America Goes To The Polls

6 Nov 2012 at 10 AM - Written by David Woodsmith

The Reserve Bank of Australia went against analysts’ expectations last night and opted to maintain its key lending rate at its current level of 3.25%. The RBA’s accompanying statement made mention of last month’s higher than anticipated domestic CPI inflation data as the key reason behind their decision, but also went on to observe that...

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Pound Euro Exchange Rate Steady As Fears Grow Over France And Greece

5 Nov 2012 at 6 PM - Written by Minesh Chaudhari

This week’s session started badly for Sterling with this morning’s release of the latest UK PMI Services sector survey, which revealed a larger than expected drop-off in growth levels in this key sector of the British economy last month. Analysts had been expecting a slight decrease from September’s 52.2 showing, however there was...

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Pound Australian Dollar Rate Could Go Higher, GBP EUR Rate Up

2 Nov 2012 at 10 AM - Written by David Woodsmith

Last night’s Asian session saw the release of quarterly Producer Price Index numbers for the three months to the end of September. The figure is considered by analysts to be a key leading indicator of future levels of inflation in an economy, so the number was afforded added significance because of next week’s Reserve Bank of Australia...

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Pound Performs Strongly Against Euro And US Dollar As BoE Policymakers Hints That QE May End

1 Nov 2012 at 10 AM - Written by Tim Boyer

Last night’s Asian session was marked by the release of a significantly stronger than anticipated Chinese PMI Manufacturing survey for October. The gauge of activity in the Far East’s leading economy’s key production sector showed an increase from September’s disappointing reading of 47.9 to print at a healthier 49.5. A reading of...

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Currency Exchange Rate Forecast : GBP EUR Rate Could Rise, AUD And USD Could Also Strengthen

26 Oct 2012 at 4 PM - Written by Minesh Chaudhari

This afternoon’s US Q3 GDP growth data bettered expectations, printing at an annualised 2.0% - up from Q2’s 1.3% showing. Cynics will say that the suspiciously large uptick for the figure is due to the impending Presidential election in the States. Whichever way, the US DOLLAR has firmed this afternoon, sending the GBP USD exchange rate...

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Pound Euro Exchange Rate Gains On Weak Eurozone PMI Survey

24 Oct 2012 at 4 PM - Written by Tim Boyer

Analysts were expecting this morning’s whole of eurozone Composite Purchasing Managers Index survey to show an increase from last month’s showing of 46.1. It therefore came as a significant blow to the euro when the latest survey of business activity in the region showed a surprise drop to 45.8 – this is the fastest rate of contraction...

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Currency roundup: Euro weakens as Spain yet again denies the need for aid

19 Oct 2012 at 4 PM - Written by Ben Hughes

The single currency has fallen for a second day in a row following Mariano Rajoy’s denial that Spain will request a bailout. Rajoy told his fellow European leaders at a summit in Brussels that his nation doesn't feel under any pressure to request a bailout despite the markets growing increasingly annoyed with the delays and...

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Pound Euro Exchange Rate Depends On UK And Eurozone CPI Inflation Data

16 Oct 2012 at 9 AM - Written by Ben Hughes

The major risk event during last night’s Asian session came in the form of the release of the minutes of the latest Reserve Bank of Australia minutes. The memos of the Bank’s October meeting, which yielded a surprise 25 basis point cut in the domestic cash rate, proved to be broadly ‘Aussie’-neutral, due to the fact that they provided...

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Pound Euro Exchange Rate Steady In Spite Of Spanish Debt Downgrade, Fed?s Downbeat Beige Book Release Could Mean More QE

11 Oct 2012 at 9 AM - Written by John Cameron

Last night’s release of the latest version of the Federal Reserve’s Beige Book underlined the extensive underlying problems which still face the world’s largest economy. The official document from America’s central bank found that the US economy had expanded ‘modestly’ since the start of September. Surprisingly, this uptick in...

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Pound Aussie Exchange Rate Dips In Spite Of Negative Assessment Of The Global Economy By IMF, GBP NZD And GBP ZAR Also Lower

10 Oct 2012 at 4 PM - Written by Toni Johnson

Today’s session in the currency markets has been marked by some interesting price action for Sterling crosses, in spite of a general dearth of tier one data releases and global risk events. Stock markets have continued to give up ground on the day, with London’s FTSE 100 trading down by almost half a percentage point by the middle part of...

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