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Canadian Dollar Forecast Directory - Page #68

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

Currency Forecast For GBP EUR Exchange Rate Plus USD And CAD Predictions For Today

7 Dec 2012 at 3 PM - Written by John Cameron

This afternoon’s US Non-Farm Payrolls data thrashed expectations, revealing that 146,000 new jobs were created in America’s vast economy last month. The data also showed that the overall rate of unemployment in the US had tumbled to 7.2% in the same period. The positive US jobs numbers elicited support for the ‘Buck’ as investors...

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Pound Euro Exchange Rate Prediction For Today, USD & CAD Forecasts

4 Dec 2012 at 6 PM - Written by John Cameron

The POUND STERLING has once again struggled to assert itself against the other majors in the currency markets during today’s session, this time thanks to a disappointing PMI Construction survey released earlier. Analysts had been anticipating that the barometer of activity in the British building sector would point to an expansion; when it...

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Indian GDP Data Disappoints, But GBP USD Exchange Rate Holds Steady Above 1.6000 Level

30 Nov 2012 at 10 AM - Written by John Cameron

Economic data released overnight from emerging superpower India revealed that economic activity in the nation had cooled in the third quarter of this year. GDP in India expanded by a respectable annualised 5.3% in the three months to the end of September, however this was down from the previous reading of 5.5% in quarter 2. The news comes as...

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GBP to EUR Exchange Rate Predictions, USD & CAD Currency Forecasts

23 Nov 2012 at 3 PM - Written by Toni Johnson

A very quiet day for the POUND STERLING meant that the UK tender did not gain or lose any significant amount of ground against any of the other sixteen most actively traded global currencies. The mildly positive effect of Wednesday’s Bank of England minutes, which confirmed that there will be no UK rate cut in the near term, appears to have...

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Strong Uptake At Today?s Spanish Bond Auction Sends GBP EUR Exchange Rate Lower

22 Nov 2012 at 3 PM - Written by Tim Boyer

This morning brought a busy schedule of data releases in the eurozone. Generally, the European figures were stronger than anticipated, with the whole-of-eurozone Composite Purchasing Manager Index survey for this month showing a slight improvement on last month’s reading of 45.7. The latest PMI Manufacturing Index for the region, also...

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Pound Dollar Exchange Rate Slips On Strong US Non-Farm Payrolls Data

5 Nov 2012 at 9 AM - Written by John Cameron

The key data release during last week’s session in the currency markets came during Friday afternoon’s European session, when the latest set of US employment figures were released. With the US Presidential Election taking place tomorrow, the way the jobs numbers were interpreted depended largely upon which side of the political divide...

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GBP to Euro Exchange Rate Blips Higher On Record Eurozone Unemployment Figure

31 Oct 2012 at 3 PM - Written by David Woodsmith

This morning’s session has brought more worrying data releases for the eurozone, as evidence mounts that the stringent austerity measures across the region’s most debt-strapped states are having a severe effect on the bloc’s real economies. Perhaps the most problematic state of all is Greece – a fact which was underlined by today’s...

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GBP USD Exchange Rate Dips To 6-Week Low, GBP EUR Rate Recovers On Spain Fears

23 Oct 2012 at 4 PM - Written by John Cameron

As per expectations, the Bank of Canada’s policy committee elected to maintain its key lending rate at 1.00% earlier today. However, the Canadian Dollar has been strongly supported in the aftermath of the announcement thanks to the tone of the BoC’s accompanying statement which hinted that a rise in domestic interest rates will be needed...

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Bank Of Canada Policy Announcement Could Stoke Fears Over Chinese Slowdown

23 Oct 2012 at 9 AM - Written by David Woodsmith

Risk remained firmly off the menu during yesterday’s session, following last week’s disappointing Chinese GDP data and the failure of the EU summit to yield any new policy measures. The ‘risk-off’ trading environment saw London’s FTSE 100 and Europe’s bourses give up between 0.20% and 1.00% of their values. However, last night’s...

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Pound Euro Exchange Rate Tumbles To 5 ? Month Low In Spite Of Bundesbank GDP Warning

22 Oct 2012 at 6 PM - Written by Toni Johnson

Risk remained well and truly off the menu during today’s session, thanks to ongoing concerns regarding tensions in the Asian economy. Data released earlier today revealed that Japanese exports to China had tumbled by an annualised 10.3% in September thanks to a boycotting of Japanese products and services by Chinese citizens in protest at...

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