USD/CAD: US Dollar extended its losses against the Canadian Dollar in the Asian session

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD to close at 1.0168, as release of weak US economic data raised speculation that the Federal Reserve may introduce another round of bond purchases to boost faltering … Continue reading →

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USD/CHF: Swiss Franc trading higher after yesterday’s fall

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.61% against the CHF and closed at 0.9549. In economic news, Swiss retail sales surged 6.2% in May, following a 0.2% rise in April. Additionally, SVME-manufacturing PMI in Switzerland rose to … Continue reading →

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USD/JPY: Yen losing ground this morning versus the Greenback

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.51% against the JPY and closed at 79.47. Yesterday, the Bank of Japan (BoJ) Deputy Governor, Hirohide Yamaguchi stated that sharp rises in the Yen due to Europe’s debt woes could … Continue reading →

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GBP/USD: Pound trading higher ahead of UK construction PMI

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.03% against the USD and closed at 1.5690. In the UK, the manufacturing purchasing managers’ index rose to a reading of 48.6 in June, following a reading of 45.9 in May. … Continue reading →

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EUR/USD: Euro lower on weak Euro-zone economic data, trading higher this morning

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.2578, amid dismal economic data from the Euro-zone and after Finland & the Netherland reiterated their opposition to using Euro-zone bailout funds to purchase … Continue reading →

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AUD/USD: Weak Chinese PMI weighs on Aussie

Posted on July 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 2.08% against the USD to close at 1.0238, as investors’ cheered news that European leaders agreed on measures to tackle the region’s debt crisis, raising risk appetite. LME Copper … Continue reading →

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USD/CAD: Loonie rose on optimism over EU summit & strong Canadian GDP; drifting lower this morning

Posted on July 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 1.52% against the CAD to close at 1.0181. The Lonnie rose, after the European leaders agreed to a decisive action to tackle the Euro-zone debt crisis, boosting demand for … Continue reading →

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USD/CHF: CHF trading lower ahead of Swiss retail sales data

Posted on July 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 1.75% against the CHF and closed at 0.9488. The Swiss Franc advanced after the KOF economic barometer in Switzerland rose to a reading of 1.16 in June, compared to … Continue reading →

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USD/JPY: Yen gaining strength against the US Dollar this morning

Posted on July 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.74 % against the JPY and closed at 79.96. The Yen came under pressure after housing starts in Japan grew at a slower pace of 9.3% (YoY) in May, … Continue reading →

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GBP/USD: Rise in risk appetite boosts Pound, trading lower in the Asian session

Posted on July 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 1.02% against the USD and closed at 1.5669, as risk appetite in general rose following the announcement of new measures announced at the EU summit. In the Asian session, … Continue reading →

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EUR/USD: Euro rallies after EU summit, gives up some gains in the Asian session

Posted on July 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 1.78% against the USD and closed at 1.2659, after European leaders agreed on measures to ease fiscal strains in Italy and Spain and spurred optimism that they are closer … Continue reading →

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