Monthly Archives: May 2012

USD/JPY: Greenback weakened amid poor US economic data

Posted on May 1, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD weakened 0.53% against the JPY and closed at 79.90, on poor US economic data. In the US, the Chicago Purchasing Managers’ Index fell to 56.2 in April, compared to 62.2 in … Continue reading →

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GBP/USD: Pound fell on Spain debt woes, continues to trade lower this morning

Posted on May 1, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6234, as lingering worries about the Spain’s debt crisis weighed on investors’ sentiments. In the Asian session, at GMT0300, the pair is trading … Continue reading →

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EUR/USD: Euro trading flat as Spain re-enters recession

Posted on May 1, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3241. The Euro initially traded lower, amid reports that indicated that Spanish economy returned to recession in the first quarter of 2012. Additionally, … Continue reading →

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