Monthly Archives: April 2014

USD/CHF: Minimum exchange rate on the Franc remains the right policy for the Swiss economy, says SNB Chief, Jordon

Posted on April 1, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.8845. Yesterday, in an interview with the Wall Street Journal, the SNB Chief, Thomas Jordan, stated that the minimum exchange rate … Continue reading →

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USD/JPY: Yen trading tad lower ahead of the planned sale-tax hike in Japan

Posted on April 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.32% against the JPY and closed at 103.23. Yesterday, data from Japan showed that housing starts rose 1.0% (YoY) in February, less than analysts’ estimates for a 4.9% … Continue reading →

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GBP/USD: Stress tests would test banks’ resilience to rate hikes, BoE’s Andrew Bailey

Posted on April 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6665. The US Dollar came under pressure, following the Fed Chief, Janet Yellen’s dovish comments on the prevailing conditions in the US … Continue reading →

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EUR/USD: Euro-zone consumer inflation rate dropped to the lowest level since 2009 in March

Posted on April 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3775, reversing its initial losses, triggered by an official report that showed annual consumer inflation rate in the Euro-zone declined to 0.5% … Continue reading →

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