USD/CHF: Swiss banks to hold more capital on mortgage risks, indicates Federal Council

Posted on February 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9175. In Switzerland, producer and imports price index rose 0.8% annually in January, compared to 1.1% rise expected by markets. Meanwhile, the … Continue reading →

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USD/JPY: BoJ keeps policy rate unchanged, Japanese GDP disappoints

Posted on February 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.10% against the JPY and closed at 93.24. Yesterday, former Bank of Japan Deputy Governor, Kazumasa Iwata stated that the Yen is overvalued from a trade perspective and the … Continue reading →

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GBP/USD: Sterling tumbled on dovish BoE report

Posted on February 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.92% against the USD and closed at 1.5532, after the Bank of England (BoE) gave downbeat growth outlook for the UK economy and indicated that inflation would likely stay above … Continue reading →

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EUR/USD: Euro slipped ahead of G20 meeting outcome

Posted on February 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.07% against the USD and closed at 1.3444, as investors remain cautious ahead of a meeting of Group of 20 developed and emerging market economies in Moscow tomorrow. The Euro … Continue reading →

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EUR/USD: Euro advanced as G7 pledged not to engage in currency devaluations; trading lower this morning

Posted on February 13, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3453, after the G7 pledged not to engage in currency devaluations, thereby easing investor fears that the European Central Bank would react to recent … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on February 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD to close at 1.0017. In testimony before the House of Commons Finance Committee, the Bank of Canada Governor, Mark Carney yesterday reiterated his stance that … Continue reading →

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USD/CHF: Swiss consumer prices eased in January

Posted on February 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CHF and closed at 0.9167. Yesterday, Switzerland’s consumer prices slipped 0.3% (YoY) in January, in line with market expectations and following a 0.4% drop in December. … Continue reading →

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USD/JPY: Yen rises on positive economic data in Japan

Posted on February 13, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.93% against the JPY and closed at 93.32. The Yen strengthened against the dollar after a G7 official stated that the group’s statement was misinterpreted and was intended to signal … Continue reading →

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AUD/USD: Aussie gains on upbeat consumer confidence data

Posted on February 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.74% against the USD to close at 1.0337, following a rise in the National Australia Bank’s business confidence and conditions index for January. LME Copper prices declined 0.2% or $16.8/MT … Continue reading →

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GBP/USD: Pound trading higher ahead of the Bank of England quarterly inflation report

Posted on February 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.5677, as the greenback weakened after the G7 industrial nations stated that countries should not use monetary policy to actively weaken their currencies. … Continue reading →

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EUR/USD: Euro gained following positive comments by ECB council member; trading lower this morning

Posted on February 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.27% against the USD and closed at 1.3402, after the European Central Bank (ECB) council member, Jens Weidmann stated that, the Euro is not overvalued and warned Euro-zone governments against … Continue reading →

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