Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 521

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

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

Euro Update - Debt Issues Remain for Single Currency

9 Feb 2011 at 2 PM - Written by John Cameron

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

Daily Foreign Currency Exchange Rate Forecast - Sterling Remains Under Pressure

9 Feb 2011 at 12 PM - Written by John Cameron

The People’s Bank of China surprised the markets yesterday by increasing interest rates for the third time since the Autumn. China’s headline one-year lending rate was hiked from 5.81% to 6.06% with effect from today. China’s 12-month deposit rate was also upped from 2.75% to 3.00%. Initially, markets reacted to the tightening of Chinese monetary policy by turning away from growth-driven assets, with the price of a barrel of...

CATEGORIES: Daily Currency Updates Australian Dollar Forecasts

South African Rand Bucks Recent Downtrend

8 Feb 2011 at 4 PM - Written by John Cameron

The Rand has suffered significant losses against all the majors over the last six weeks. Since the turn of the year, the Rand has weakened from 6.58 against the US Dollar to trade above 7.31 at the end of last week. These losses have been partly attributable to comments from policy makers in South Africa who suggested that a weaker Rand was desirable. This has led to rumours in the market that the South African Central Bank is...

CATEGORIES: Pound Rand Forecasts South African Rand Forecasts