Currency Exchange Rate News 13-03-2014

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 […]

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 […]

Forex Traders continue to buy Euros

The Pound exchange rate remains well supported by continued strength in domestic data, but has slipped back against the Euro Exchange Rate in recent days following the lack of any new easing action at the ECB meeting. Why Forex Traders continue to buy Euros is a mystery that leaves me scratching my head. While Pound […]

US Payrolls will drive the Forex markets today

Morning All, After watching the pound to euros exchange rate get kicked in the nuts today we have the US payroll figures. The Pound to US Dollar exchange rate did make me smile with it finally getting back above 1.6750, the question is can it go higher – we are hoping that cable will now […]

Pounds to Euro is battered

The Pounds to Euros exchange rates today got a battering after looking at heading above 1.2200 than the release of the BOE interest rate announcement followed by the ECB and delusional Super Mario Draghi talked the Euro up despite worsening fundamentals. But not to leave the day on a low the pounds to us dollar […]

Does Draghi Love buying Euros

Does Draghi Love Buying Euros because he has talked up the Euro exchange rate so much today it is hard to believe he hasn’t taken a punt himself and needs the exchange rate to go higher. If he has his way the pounds to euros exchange rate will be sub 1.2000 and the Euro to […]

ECB talks up Europe and the Euro exchange rate

ECB talks up Europe and the Euro exchange rate again – don’t worry about the fundamentals of high youth unemployment, falling house prices in southern Europe especially the Spanish Property Market – these things don’t matter. The ECB predict that inflation will soar to 1.1% and that growth will be 1.2% – which is piss […]

Bank of England do nothing and sit and watch

Bank of England do nothing and sit and watch at today’s interest rate meeting and take the view they don’t want to harm the humble recovery despite the recent rise in House Prices. Whilst this is good for those with a mortgage, if you are looking to buy euros the BOE has not done us […]

Us Dollar exchange rates

For today, the employment component of the non-manufacturing ISM survey and the ADP employment report will be closely watched. We would expect market reaction to be binary, with a stronger out turn in both likely to suggest upside risks for payrolls. However, in such scenario we think US Dollar exchange rate upside may be limited […]