Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 477

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

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 – NEUTRAL TO NEGATIVE. EURO The Euro made up some ground on the Dollar in today’s...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

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 Sterling during yesterday's session, as the markets factored in the change in Chinese economic...

CATEGORIES: Hong Kong Dollar Forecasts Pound Hong Kong Dollar Forecasts

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 throughout the remainder of 2011 and gain further momentum in 2012 and 2013. The Fed also...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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 rate expectations appear entrenched. Tomorrow’s inflation figure is equally unlikely to...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

Dollar Swiss Franc Rate Improves Over Fears of Swiss Government Intervention

16 Feb 2011 at 1 PM - Written by John Cameron

The early part of the week saw the Swiss Franc strengthen against the sixteen most-traded currencies following comments by the Chairman of Switzerland’s Central Bank, Phillip Hildebrand. He stated that inflationary pressures in the Swiss economy were being held in check by the strength of the Swiss Franc, which is serving to keep down the prices of foreign imports. However, Hildebrand went on to strike a more hawkish tone when...

CATEGORIES: Pound Swiss Franc Forecasts Swiss Franc Forecasts

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 Osborne, in which he stated that inflation was likely to hit 5% in the near future and...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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 trading after the annualised CPI figure for January showed that UK inflation is running...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Euro Currency Insight - Pound Euro Rate Gains on Disappointing European Growth Numbers

15 Feb 2011 at 3 PM - Written by John Cameron

Disappointing growth figures in the Eurozone have weighed heavily on the Euro during today’s European trading session. French quarterly GDP figure for quarter 4 of 2010, released this morning showed growth of 0.4% as opposed to expectations of 0.6%. German counterpart figures also disappointed, with Europe’s industrial powerhouse economy showing weak growth – the quarterly GDP figure coming out at 0.4% against market...

CATEGORIES: Euro Forecasts Pound Euro Forecasts

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 interest rate decision for February. The RBA’s Minutes were neutral in tone, on the one...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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 POSITIVE. EURO Concerns over European sovereign debts are likely to remain until the ECB Summit next...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts