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Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 520

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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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

Foreign Currency Prediction - Pound Canadian Dollar Rate Could Deteriorate

14 Feb 2011 at 10 AM - Written by John Cameron

The Canadian Dollar benefitted from some extremely positive trade figures which were released at the start of Friday’s North American session. The data showed that Canada enjoyed a trade surplus in December, 2010, for the first time in nine months. Analysts had expected the figure to show another deficit of CAD300m; instead market participants were surprised by a large surplus of CAD3bn. The overall growth in exports for...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Today's Currency Exchange Predictions - Dollar Trends Weaker as Appetite for Risk Picks Up

14 Feb 2011 at 5 AM - Written by John Cameron

Risk sentiment in world markets has swung again this morning following the resignation of Egyptian President Hosni Mubarak late on Friday night after an eighteen day popular uprising. Mubarak had surprised political spectators by failing to give up his post earlier last week, leading to fears of a fully-fledged military coup in the Arab state. The country will now be governed by a military council for a maximum interim period of...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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