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Daily Exchange Rate Forecasts & Currency News

Australian Dollar Forecast Directory - Page #156

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

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

5 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Bank of England voted to maintain interest rates at their current record low level of 0.50% and decided not to increase the £200bn already allocated to its current asset purchase scheme. This morning’s disappointing UK PMI Services figure failed to stop the Pound gaining significant ground against the Euro and the...

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Foreign Exchange Rate Currency Outlook : AUD, NZD and ZAR Under Pressure as Eurozone and Australian Retail Sales Figures Cause Alarm

5 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1116. The Pound Dollar exchange rate (GBP USD) is 1.6519. Yesterday’s session saw the release of a number of key pieces of economic data in the world’s major economies. For the most part this data disappointed the markets, causing the recent retraction in appetite for risk to...

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

4 May 2011 at 6 PM - Written by John Cameron

POUND STERLING Today saw another day of Sterling-negative data releases, with the Nationwide House Price survey and PMI Construction sector figures coming in significantly worse than expected. Tomorrow’s Bank of England Monetary policy decision is unlikely to provide any support for the Pound, with rates remaining at 0.50% and no...

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

3 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound suffered a torrid day on the markets, losing significant ground against all of the sixteen most actively traded currencies. The losses were attributable to worse-than-anticipated PMI Manufacturing figures which were released earlier today. It seems highly unlikely that there will be a UK interest rate rise until...

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

28 Apr 2011 at 4 PM - Written by John Cameron

POUND STERLING There was no tier one data of significance released in the UK today, so Sterling pairs were left open to moves in other currencies, with USD weakness seeing GBP USD rally to its highest level since December 2009. UK interest rate expectations remain depressed and yesterday’s growth figure will do little to perk them up....

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

27 Apr 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound released a timely boost when this morning’s Q1 GDP figure showed that the UK economy has expanded by 0.5% in the first three months of 2010. The futures market is now pricing in 50 bps of UK rate rises over the next 12 months, which remains less than almost any other developed nation. NEAR-TERM OUTLOOK –...

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Foreign Exchange Rates : UK Growth Figure and Bernanke?s Comments Set to Determine GBP USD and GBP EUR Levels

27 Apr 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1236. The Pound Dollar exchange rate (GBP USD) is 1.6510. Today’s session sees a packed schedule of risk events in the currency markets. Perhaps the most significant event comes after the European close this afternoon when the Federal Reserve’s FOMC makes its monetary policy announcement....

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

26 Apr 2011 at 5 PM - Written by John Cameron

POUND STERLING Sterling’s slide continued during today’s session following a worse-than-anticipated CBI Business Optimism survey, which was released this morning. Tomorrow’s Q1 GDP Growth figure will be very closely watched with a quarterly growth figure of above 0.5% required to reverse the Pound’s recent bear-run. NEAR-TERM...

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Foreign Exchange Outlook : GBP USD and EUR USD Rates Drop on Positive US Housing Data

26 Apr 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1319. The Pound Dollar exchange rate (GBP USD) is 1.6457. Although trading volumes were significantly reduced, the currency markets were open for business as usual both on Friday and yesterday and there was price movement for the major currency pairs during both of these sessions . Perhaps the...

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

21 Apr 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound enjoyed a rare day of gains almost across the board today, following better than expected Retail Sales figures for March. This morning’s Public sector borrowing figures came in lower than expectations, providing further assistance for Sterling. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar...

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