USD/CAD: Loonie down as risk aversion increased

Posted on May 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0020, as risk aversion increased amid political turmoil in Greece. In the Asian session, at GMT0300, the pair is trading at 1.0025, with the … Continue reading →

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AUD/USD: Aussie trading lower on risk aversion

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.09% against the USD to close at 1.0096, following wider-than-expected trade deficit in Australia in March. Meanwhile, Australian federal government’s in its fiscal budget for 2012-13 announced that nation’s economy would … Continue reading →

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USD/CAD: Canadian Dollar falls towards parity on Greek concern

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9993, as risk appetite faded, amid political uncertainty in Europe. Concerns that Greece would not be unable to form a government resulted in increased … Continue reading →

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USD/CHF: Swiss Franc lower on broad dollar strength

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.45% against the CHF and closed at 0.9244. The International Monetary Fund (IMF) has stated that the Swiss National Bank’s decision to cap the strong currency is appropriate due to slow … Continue reading →

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USD/JPY: Yen trading flat ahead of trade balance data in Japan

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD flat against the JPY and closed at 79.87. In the US, the IBD and TIPP reported that the Economic Optimism Index declined to a reading of 48.5 in May, compared to a … Continue reading →

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GBP/USD: Pound slips further on weak BRC retail sales data

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.6149. In the Asian session, at GMT0300, the pair is trading at 1.6133, with the GBP trading 0.1% lower from yesterday’s close, after retail … Continue reading →

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EUR/USD: Euro down amid political uncertainty in Euro-zone

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.2993, as Greece’s politicians struggle to form a new government, raising concern that the nation might leave the Euro bloc. On the economic front, … Continue reading →

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USD/JPY: Yen extended its losses against the US Dollar this morning

Posted on May 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.08% against the JPY and closed at 79.88. The minutes of the Bank of Japan’s policy meeting held on April 9 and 10 indicated that policymakers were of the view that … Continue reading →

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GBP/USD: Pound trading lower; UK house price deteriorates in April

Posted on May 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6193. Yesterday, the Centre for Economics and Business Research (CEBR) cautioned that unemployment in most parts of the UK is likely to rise over … Continue reading →

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EUR/USD: Euro trading lower in the Asian session

Posted on May 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.3054. The Euro initially came under pressure, after the outcome of elections in Greece and France during the weekend, threatened to derail the region’s … Continue reading →

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AUD/USD: Aussie drifting lower after trade balance in Australia widens

Posted on May 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.77% against the USD to close at 1.0208, following a series of positive economic data in Australia. In Australia, building permits rose 7.4% (MoM) in March, while retail sales rose 0.9% … Continue reading →

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