Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 487

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

Exchange Rate Predictions - USD, EUR, GBP, NZD, CAD, INR

18 Feb 2011 at 5 PM - Written by John Cameron

US DOLLAR The Dollar lost ground across the board during today’s session as the S&P500 rallied to its highest level since June 2008. However, this bull-run may stall following news that China has taken steps to further tighten monetary policy by upping its Reserve Requirement Ratio by 50 basis points to 19.50%. This means that Chinese commercial banks will have to keep an increased ratio of funds on account with the Central...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

NZD/USD Rate Picks up as Risk Sentiment Wanes

18 Feb 2011 at 3 PM - Written by John Cameron

Barclays issued an advisory note to investors yesterday urging them to buy the US Dollar against the NZ Dollar, predicting that the US Dollar will strengthen throughout the year as the world economy improves. This suggestion that the strong positive correlation which has been seen in recent times between appetite for risk in world markets and demand for the Kiwi is now weakening will provide concerns for investors holding...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Morning Foreign Exchange Report : Arab Unrest Could Cause Oil Price Rally

18 Feb 2011 at 6 AM - Written by John Cameron

US policy-makers expressed fears yesterday over civil unrest in the Gulf state of Bahrain. Government forces stepped in to clear anti-government protestors from a square in the Bahraini capital of Manama, leaving several dead and over a hundred injured. The US Secretary of State, Hilary Clinton telephoned her Bahraini opposite-number yesterday to air her ‘deep concerns’ over the developments. The US Navy’s Fifth Fleet is...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

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