USD/CHF: Greenback continues its downfall against the Swiss Franc in the Asian session

Posted on March 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.9164. In the Asian session, at GMT0400, the pair is trading at 0.9146, with the USD trading 0.19% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Bank of Japan keeps key overnight rate on hold

Posted on March 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.23% against the JPY and closed at 82.32. In economic news, consumer confidence in Japan dropped to a reading of 39.5 in February, compared to a reading of 40.0 in January. … Continue reading →

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GBP/USD: Pound trading higher following signs of improvement in the UK economy

Posted on March 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.18% against the USD and closed at 1.5640. In the Asian session, at GMT0400, the pair is trading at 1.5655, with the GBP trading 0.1% higher from yesterday’s close. This morning, … Continue reading →

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EUR/USD: Euro holds on to yesterday’s gains

Posted on March 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.27% against the USD and closed at 1.3156, after Euro-zone Finance Ministers gave their final approval to a €130 billion second bailout for Greece and turned their attention on Spain, demanding … Continue reading →

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GBP/USD: Sterling extends its losses in the Asian session

Posted on March 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.94% against the USD and closed at 1.5679, following the release of better-than-expected US employment data while weak data on UK industrial production weighed on Sterling. On the economic … Continue reading →

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AUD/USD: Aussie is trading lower on China’s trade deficit

Posted on March 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.70% against the USD on Friday to close at 1.0571. On Saturday, China recorded a trade deficit $31.5 billion in February, compared to a surplus of $27.3 billion in January. In … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on March 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.06% against the CAD to close at 0.9909. On the economic front, in Canada, trade balance contracted to $2.10 billion in January, from $2.86 billion in December. Separately, the … Continue reading →

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USD/CHF: Swiss Franc continues to loses steam in the Asian session

Posted on March 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 1.22% against the CHF and closed at 0.9194. In the Asian session, at GMT0400, the pair is trading at 0.9208, with the USD trading 0.16% higher from Friday’s close. … Continue reading →

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USD/JPY: Yen trading higher after Japan core machine orders rebound in January

Posted on March 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.06% against the JPY on Friday, and closed at 82.42, after stronger-than-forecasted US employment data dampened expectations for a fresh round of monetary easing by the Federal Reserve. The US economy … Continue reading →

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EUR/USD: Euro down as ISDA classifies Greek swap deal a ‘credit event’‎; ratings downgraded

Posted on March 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 1.20% against the USD and closed at 1.3116, after the International Swaps and Derivatives Association (ISDA) stated that Greece’s recent debt restructuring with private creditors constituted a “credit event”. … Continue reading →

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AUD/USD: Aussie pared yesterday’s gain on unexpected Australian trade deficit in February

Posted on March 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0646. In the Asian session, at GMT0400, the pair is trading at 1.0646, with the AUD trading flat from yesterday’s close. The Aussie pared … Continue reading →

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