Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 515

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

World Foreign Currency Predictions - USD, EUR, GBP, AED, TRY, INR, HKD

11 Feb 2011 at 5 PM - Written by John Cameron

US DOLLAR 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

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

Today's Currency Exchange Predictions - US Dollar Strengthening on Risk Aversion

11 Feb 2011 at 9 AM - Written by John Cameron

The political crisis in Egypt took an unexpected turn yesterday evening, with President Hosni Mubarak addressing the nation in a televised speech. Crowds of protestors massing across Cairo had expected Mubarak to confirm that he was stepping down, with immediate effect. Announcements to the crowds by military leaders to that effect had fuelled these expectations. Instead, Mubarak surprised spectators by announcing that he would...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

Hong Kong Dollar Prediction - Equities Tumble in Hong Kong to Hurt Local Currency

10 Feb 2011 at 5 PM - Written by John Cameron

The Hong Kong stock market suffered a major sell-off last night, losing 1.97% to close 455 points down on the day. This poor performance was driven by yesterday’s interest rate hike in China which was the second time in six weeks that the Chinese Central Bank has opted to raise. Speculation abounds in Asia that the Chinese rate hike will spur other Central Banks in the region to tighten monetary policy. Hong Kong has...

CATEGORIES: Hong Kong Dollar Forecasts Pound Hong Kong Dollar Forecasts

Turkish Lira Currency Prediction - Lira Weighed Down by Interest Rate Predictions

10 Feb 2011 at 4 PM - Written by John Cameron

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

Singapore Dollar Foreign Currency Prediction - Singapore Government Wants Stronger Currency

10 Feb 2011 at 3 PM - Written by John Cameron

Singapore’s Central Bank remains concerned about the effects of inflation on the economy, according to the Country’s Deputy Finance Minister Lim Hwee Hua. During a speech earlier today, Hua stated that policy-makers in Singapore are willing to allow the Singapore Dollar to strengthen further to curb the ravaging effects of rising prices on Singaporean savers and those on fixed incomes. This has led to speculation that...

CATEGORIES: Pound Singapore Dollar Forecasts Singapore Dollar Forecasts

Indian Rupee Market Report - Rupee Suffers Losses as Risk Sentiment Ebbs

10 Feb 2011 at 11 AM - Written by John Cameron

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

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

US DOLLAR 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. EURO 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

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