Latest Currency News Continued - page 507
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Latest Currency News Headlines
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
Today's Currency Exchange Prediction - Risk Sentiment Worsens
10 Feb 2011 at 9 AM - Written by John Cameron
STORY LINK Today's Currency Exchange Prediction - Risk Sentiment Worsens
The benchmark MSCI Asian Index saw losses of 0.8% last night as stock markets reacted to yesterday’s comments by Federal Reserve Chairman Ben Bernanke and some worrying Australian unemployed figures. Initially, last night’s Australian labour figure appeared positive, showing that unemployment had stayed at 5%, whilst 24,000 new jobs were created in January. However, on closer inspection, analysts aired concerns that nearly all...
CATEGORIES: Daily Currency Updates Australian Dollar Forecasts
Foreign Currency Predictions - USD, EUR, GBP, JPY, NOK, AUD, NZD, CAD, ZAR, CHF
9 Feb 2011 at 5 PM - Written by John Cameron
STORY LINK Foreign Currency Predictions - USD, EUR, GBP, JPY, NOK, AUD, NZD, CAD, ZAR, CHF
Crude oil resumed its rally today following a downward blip yesterday on the back of a hike in Chinese interest rates. The US equities rally looks to have stalled today and little hope of an increase to interest rates. SHORT-TERM OUTLOOK – Neutral.
The ECB looks to be reaching a consensus on a bail-out fund to tackle distressed assets in struggling nation states. Improved sentiment towards...
CATEGORIES: Australian Dollar Forecasts American Dollar Forecasts
Norwegian Krone Update - Oil Price Wobble Hits Krone
9 Feb 2011 at 4 PM - Written by John Cameron
STORY LINK Norwegian Krone Update - Oil Price Wobble Hits Krone
Statoil, the Norwegian oil and gas producer has announced a net profit figure of NOK9.7Bn for quarter 4, 2010. This represents a year-on-year rise of 37%. At first glance, this appears to be a healthy improvement, however oil analysts had predicted that the figure would come out at NOK12.12Bn, so in relative terms it proved to be a disappointment. The increase in profits was driven by the rally in oil prices in the second half of...
CATEGORIES: Norwegian Krone Forecasts
Euro Update - Debt Issues Remain for Single Currency
9 Feb 2011 at 2 PM - Written by John Cameron
STORY LINK Euro Update - Debt Issues Remain for Single Currency
Eurozone sovereign debt issues continue to cast a shadow over the Euro, with uptake for recent bond auctions in Ireland and Spain causing concern amongst analysts. European Financial Stability Facility Chairman Klaus Regling is due to make a set-piece speech later today. This will be closely watched by institutional investors who hope that he will suggest positive action by the EFSF to guarantee distressed assets in Ireland,...
CATEGORIES: Euro Forecasts Pound Euro Forecasts