Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 518

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.

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Morning Foreign Currency Market Outlook : EUR/USD Drags the GBP/USD Rate Higher as Market Reacts to Libyan Air Strikes

21 Mar 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6238 . The Pound Euro exchange rate (GBP/EUR) is 1.1473 . Global geo-political events continue to dominate the world’s currency markets. Allied forces launched a series of air strikes on Libya over the weekend in an attempt to enforce the UN-mandated ’no fly zone’ over the troubled Arab state. One of the strikes destroyed part of Libyan leader Colonel Gaddafi’s compound in...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

Exchange Rate Outlook Forecast For Major Currencies ? GBP, USD, EUR, AUD, NZD, CAD

18 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Nationwide Consumer Confidence survey for February, which was released overnight in the UK, came in far worse than expected, with negative respondents heavily outweighing positives. This caused the Pound to traded slightly weaker against most majors ahead of next week’s key Bank of England minutes. Comments by BoE Deputy Governor, Charles Bean, suggesting that interest rate hikes should be delayed, further...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Morning Foreign Exchange Report : G7 Group of Nations Intervene in Currency Markets, Causing GBP/JPY Exchange Rate Rise, While USD, AUD, NZD Make Major Gains

18 Mar 2011 at 6 AM - Written by John Cameron

The Pound US Dollar exchange rate (GBP/USD) is 1.6072. The Pound Australian Dollar exchange rate (GBP/AUD) is 1.6228. The G7 group of nations caused turmoil in global currency markets when it announced overnight that it would, "join Japan, on March 18, 2011, in concerted intervention in exchange markets". The G7, which comprises the US, Japan, UK, Canada, Germany, France and Italy will act in unison with a specific aim to...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Exchange Rate Outlook Forecast For Major Currencies : GBP USD EUR JPY AUD NZD CAD

17 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING In the absence of any tier one data releases in the UK today, the Pound was susceptible to technical trading as several of the other majors made significant moves. Sterling remains subdued as the futures markets predict that a rate hike is a long way off. Tomorrow’s consumer confidence survey and public sector borrowing figures will provide further direction . NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR –...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates ? GBP/NZD, GBP/AUD Rally as Stock Markets Drop, While USD Weakens

17 Mar 2011 at 10 AM - Written by John Cameron

The Pound Australian Dollar exchange rate (GBP/AUD) is 1.6410. The Pound New Zealand Dollar exchange rate (GBP/NZD) is 2.2381. The threat of widespread nuclear contamination in Japan continues to cast a pall over global currency markets as rumours and news cause dramatic lurches in the value of major currencies. These moves are being further accentuated by actions by the Bank of Japan to pump liquidity into the Japanese...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Exchange Rate Outlook Forecast for Major Currencies : GBP USD EUR AUD NZD CAD

16 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING This morning’s labour market figures showed that UK unemployment is at its highest level since 1984. However, UK unemployment claims fell by over 10,000 in February, offering some hope. A report released by the OECD this afternoon predicted that the UK economic recovery will be ‘subdued’ for the next two years. NEAR-TREM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR - The Pound Euro exchange rate...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Pound Euro Exchange Rates ? GBP/EUR Recovers Lost Ground While USD and AUD Trade on the Level

16 Mar 2011 at 1 PM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6055. The Pound Euro exchange rate is 1.1533. The Pound suffered a blow this morning, with the release of employment data for January by the Office of National Statistics. The numbers showed that UK unemployment now stands at 2.53 million, its highest level since 1984. With swingeing cuts to UK public services being rolled out through the remainder of 2011, the outlook does not look...

CATEGORIES: American Dollar Forecasts Euro Forecasts Pound Dollar Forecasts Pound Euro Forecasts

Morning Currency Market Outlook : GBP/USD and GBP/JPY Rates Rise as Global Quantitative Easing Schemes Bolster Share Markets

16 Mar 2011 at 7 AM - Written by John Cameron

Japan’s central bank injected a further JPY3.5 trillion into the country’s troubled money markets overnight in an effort to make funds available for the unprecedented clear-up operation. This is the third day in a row which has seen the Bank of Japan pump funds into the markets, having made JPY23 trillion available on Monday and Tuesday. The Japanese authorities will see any weakening of the Yen as a beneficial side-effect...

CATEGORIES: American Dollar Forecasts Daily Currency Updates

Exchange Rate Outlook for Majors : GBP, USD, EUR, AUD, CAD, NZD

15 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING Poor housing sector has hurt the Pound today, with government figures showing that UK house prices suffered a considerable monthly drop in January. Sterling is threatening to drop down through significant market supports against the Euro and the US Dollar. Better-than-anticipated employment data tomorrow is required to stop it heading lower. NEAR-TERM OUTLOOK – NEGATIVE. US DOLLAR – The Pound Dollar...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Pound Euro Exchange Rates ? GBP/USD Breaks Down Through 1.6000 While Euro Enjoys Support as do AUD, NZD, ZAR

15 Mar 2011 at 2 PM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6040. The Pound Euro exchange rate is 1.1506. European stock markets have followed Asian markets’ lead and have plummeted during today’s session. The losses are attributable to fears that a rapid contraction in Japanese growth, following last week’s devastating earthquake, will affect the demand for components and products across world markets. The FTSE 100 is down by over 2%...

CATEGORIES: American Dollar Forecasts Euro Forecasts Pound Dollar Forecasts Pound Euro Forecasts