Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 522

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

Exchange Rate Predictions - GBP, EUR, USD, JPY, NOK, INR

3 Mar 2011 at 3 PM - Written by John Cameron

POUND STERLING The Pound opened the day on the back foot with the release of worse-than-expected Service Sector results. It struggled to recover throughout the session and in the absence of any further data for the remainder of the week, is likely to continue to trend downwards. Next week’s bank of England Interest Rate announcement is highly unlikely to provide any further support. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. ...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

USD/JPY Currency Update : Dollar Yen Rate Set to Improve as Investors Transfer Funds Out of JPY

3 Mar 2011 at 12 PM - Written by John Cameron

Tokyo’s leading Nikkei 225 equities index gained almost a percentage point during yesterday’s session, causing selling pressure on the Yen as investors liquidated their positions of safety in Yen-denominated assets and moved funds into higher risk, higher reward instruments. The Yen reached a multi-year high against the USD at the end of last October, trading down to 80.24. Since then, it has peaked three times against the...

CATEGORIES: Japanese Yen Forecasts Pound Yen Forecasts

GBP/USD Exchange Rates : Pound Dollar Rate Drops as PMI Figure Causes Selling Pressure on Pound Sterling

3 Mar 2011 at 9 AM - Written by John Cameron

Global equities markets had a mixed day yesterday, but the leading sentiment indicator, the S&P 500, closed down by over a percentage point at 1308, almost 3% lower than it was as recently as 21st February. This confirms a dip in global appetite for risk which would normally see the dollar benefit as the world’s reserve currency of choice. The fact that the Dollar has suffered broad weakness since 21st February, whilst the...

CATEGORIES: American Dollar Forecasts Daily Currency Updates

Morning Foreign Currency Insight : Outlook For GBP/EUR is Negative as EUR Expected to Gain on Trichet?s Comments

3 Mar 2011 at 7 AM - Written by John Cameron

The GBP/EUR pair traded in a tight range yesterday ahead of a busy day for Eurozone data today, hitting a high of 1.1815 but only testing 1.1759 on the downside. The centrepiece release for today comes at 1245hrs GMT when the European Central Bank announces its interest rate decision for March. Analysts are expecting the key lending rate to be maintained at 1.00%, however consistently hawkish comments from ECB Governing Council...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

Exchange Rate Predictions - GBP, EUR, USD, CHF, AED, HKD

2 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound lost some ground in yesterday’s session due to dovish comments from Mervyn King. This morning’s PMI Construction sector figure came out significantly better than expected in February, helping to fuel speculation that the real economy in the UK is waking from its slumber. However, the chances of a rate hike in the near-term remain slim due to persistently high unemployment, negative growth in Q4 and...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

Foreign Exchange Insight : Outlook For Swiss Franc is Bright as GBP/CHF Rate Improves and USD/CHF Rate Drops

2 Mar 2011 at 12 PM - Written by John Cameron

Political unrest in Libya is threatening to escalate into civil war as pro-Gaddafi forces move into rebel territory to capture an oil installation in the eastern city of Brega. Government jets have also carried out air strikes against rebel weapons dumps. Continued unrest has seen a return of risk aversion to the markets with the broad-ranging S&P 500 losing over 1.5% of its value during yesterday’s session, whilst in London...

CATEGORIES: American Dollar Forecasts Pound Swiss Franc Forecasts Swiss Franc Forecasts

Foreign Exchange Rates : GBP/USD Rate Pulls Back as Stock Markets Fall

2 Mar 2011 at 9 AM - Written by John Cameron

Asian stock markets suffered heavy losses overnight, with Tokyo’s Nikkei closing 2.20% lower and Hong Kong’s Hang Seng currently trading down by almost 2%. These losses follow pronounced downward moves for the FTSE 100 and the S&P 500, which lost 0.97% and 1.57% respectively, on the day yesterday. Fears persist in global markets that the Arab uprising might spread to Iran and Saudi Arabia, the world’s leading oil...

CATEGORIES: American Dollar Forecasts Daily Currency Updates

Exchange Rate Predictions - GBP, EUR, USD, CAD, NZD, JPY

1 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound has traded under the radar against the other majors today as the main price action in the markets affected other currencies. Yesterday’s session was massively positive across the board for the Pound, with commentators speculating that the gains were due to institutional investors adjusting their positions for the month end. Positive house price and mortgage approval data has failed to deliver...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

Foreign Exchange Insight : USD/CAD Rate Hits 40 Month Low as Outlook for Canada Improves

1 Mar 2011 at 2 PM - Written by John Cameron

As expected this afternoon, the Bank of Canada opted to maintain interest rates at their current 1.0% level. However, the CAD edged slightly downwards against the majors in the aftermath of the decision as the accompanying statement noted that the Canadian economy still has ‘significant excess supply’, playing down inflationary pressures in the economy. Yesterday’s better-than-expected quarterly Canadian GDP figure has...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Foreign Exchange Rates : GBP/USD Breaks to 12-Month High

1 Mar 2011 at 9 AM - Written by John Cameron

Appetite for risk continued to pick up during yesterday’s session, with the benchmark S&P 500 index gaining a further 0.5% on the day, following Friday’s gains of over 1%. It appears that the decisive action by the international community to call for Colonel Gaddafi to relinquish power in Libya has increased confidence that civil unrest will soon come to an end in North Africa. The S&P 500 is now approaching its highest level...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts