Latest Currency News Continued - page 466
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Foreign Currency Rate Predictions - USD, EUR, GBP, NZD, CAD, CHF
14 Feb 2011 at 5 PM - Written by John Cameron
STORY LINK Foreign Currency Rate Predictions - USD, EUR, GBP, NZD, CAD, CHF
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 POSITIVE.
Concerns over European sovereign debts are likely to remain until the ECB Summit next...
CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts
World Foreign Currency Predictions - USD, EUR, GBP, AED, TRY, INR, HKD
11 Feb 2011 at 5 PM - Written by John Cameron
STORY LINK World Foreign Currency Predictions - USD, EUR, GBP, AED, TRY, INR, HKD
Risk sentiment in the markets has dropped off significantly in the latter part of the week, following down movements in world stock markets. Equities have suffered another negative day today with the Dow Jones currently trading down by a third of a per cent. However, caution is advisable as the Dollar has made significant gains in a short period of time, so some speculative profit-taking can not be ruled out....
CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts
AED Currency Prediction - Dirham Rallis as Risk Aversion Dominates Markets
11 Feb 2011 at 2 PM - Written by John Cameron
STORY LINK AED Currency Prediction - Dirham Rallis as Risk Aversion Dominates Markets
As with all Dirham updates, it is vital to bear in mind that the AED is pegged to the US Dollar, so any strengthening or weakening of the US Dollar will be exactly mirrored by Dirham movements.
The Dirham has made significant gains against the majors in the second half of this week, trading down to 5.86 against the Pound. This appreciation has largely been due to the return of risk aversion in world markets. There are several...
CATEGORIES: Pound Dirham Forecasts
Turkish Lira Currency Prediction - Lira Weighed Down by Interest Rate Predictions
10 Feb 2011 at 4 PM - Written by John Cameron
STORY LINK Turkish Lira Currency Prediction - Lira Weighed Down by Interest Rate Predictions
The Turkish Central Bank’s Monetary Policy Committee is due to meet next Tuesday to decide on policy for the coming month. The New Turkish Lira weakened during today’s trading session on speculation that the meeting will herald a further interest rate cut. The Turkish MPC has chosen to cut base rate by 75 basis points in the last two meetings, leaving current rates at a record low of 6.25%.
Meanwhile, Turkey’s ISE...
CATEGORIES: Pound Lira Forecasts Turkish Lira Forecasts
Indian Rupee Market Report - Rupee Suffers Losses as Risk Sentiment Ebbs
10 Feb 2011 at 11 AM - Written by John Cameron
STORY LINK Indian Rupee Market Report - Rupee Suffers Losses as Risk Sentiment Ebbs
In common with the majority of leading Asian currencies, the Indian Rupee trended downwards during last night’s trading session. This weakening off was partly driven by a poor performance in Indian equities markets which saw the benchmark Sensex Index lose over 120 points in the early part of the session. Selling pressure on the Rupee was accentuated as Indian Oil Refiners bought US Dollars, causing a shift of Rupees into US...
CATEGORIES: Indian Rupee Forecasts Pound Rupee Forecasts