Overnight Currency News Us Dollar Exchange Rate The dollar has weakened off this morning due to US data to be released this afternoon ‘Retail sales and Initial jobless claims’. Stanley Fischer, nominee to be Federal Reserve Chair Janet Yellen’s deputy, said the U.S. economy still needs stimulus to combat unemployment ahead of a report projected …
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Australian dollar exchange rate weakens further
The Australian dollar weaken again today against the pounds after weaker than expected economic figures. Australian economic sentiment was worse than feared and suggesting the economy woes are still not quite behind them Especially after the weekends auctions clearance rates on home sales fell also. This is may give the RBA a little more wiggle …
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George Soros has a swipe at the Euro
I am finally in good company thinking that the euro exchange rate needs to fall – George Soros the financial wizard that broke the Bank of England better against the pound has highlighted the euro zones problems. He has said that the euro zone needs to address the current way that banking is done in …
Pounds Forecast boosted – will we see 1.3000 against the Euro
Hi All Analysts have increased their year-end forecasts for the pound against the dollar to the highest in more than two years amid speculation the Bank of England will increase interest rates before the Federal Reserve. The Pound has gained a whopping 13 percent in the past year against the US Dollar, the best performer …
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Bank of England hints that rates could rise sixfold within the next three years.
Bank of England hints that rates could rise sixfold within the next three years. US Dollar exchange rate The US Dollar exchange rate has shown a modestly firmer tone since the employment report last week, but progress has been very modest in general, and there is no US news today to justify any independent move …
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Why I hate the euro exchange rate
Argh – I hate the euro exchange rate! Last night various media sources were highlighting the strength of the UK economy and that the BOE will have to rise Interest rates by sixfold. Whilst I not in favor of interest rate rise as like many I have a mortgage the above is not a reason …
Australian Dollar exchange rate starts to climb
Hi All, Just watching the Australian Dollar exchange rate start to climb here back above the pounds to Australian Dollar rate of 1.8500 for the first time today. The RBA has become a little more upbeat of past and the chance for further cuts have watered down by higher than expected inflation numbers. Also the …
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Forex traders aren’t stupid
Hi All, Forex traders continue to kick the Pound to Euro exchange rate but it has been a very tight range since the initial fall from 1.2170 to settle at 1.2000. It is very frustrating as the news in the UK is good compared to the Euro-Zone and the likelihood the BOE will have a …
euro exchange rate continues to get stronger and stronger
Hi All As the euro exchange rate continues to get stronger and stronger by the day this morning’s focus will be on the UK Januarys Industrial production release. This will give us a clearer view on the economy for the first quarter and will be followed by the latest trade figures tomorrow. At 9.30 this …
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ECB Noyer suggest the time to Buy Euros is over
ECB Noyer suggest the time to Buy Euros is over! “It is clear that when the euro exchange rate starts to strengthen it creates additional downward pressure on the economy and additional downward pressure on inflation. Both cases aren’t warranted at the moment. We are clearly not very happy at the moment.” Noyer says everything …
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