EUR/USD: Euro rises amid news that IMF was preparing an aid package for Italy

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.85% against the USD, on Friday, and closed at 1.3231, as a meeting of the leaders of the Euro-zone’s three biggest economies failed to offer a near-term solution to the worsening … Continue reading →

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AUD/USD: Aussie skids in the Asian session

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.9722. In the Asian session, at GMT0400, the pair is trading at 0.9687, with the AUD trading 0.36% lower from yesterday’s close, amid continuing … Continue reading →

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USD/CAD: Pair trading just above its MA’s

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD to close at 1.0471. In the Asian session, at GMT0400, the pair is trading at 1.0488, with the USD trading 0.17% higher from yesterday’s close. The pair … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined slightly against the CHF and closed at 0.9198. Switzerland’s President, Micheline Calmy-Rey stated that the overvaluation of the Swiss Franc posed a serious threat to the economy and carried the risk … Continue reading →

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USD/JPY: Yen trading lower after witnessing gains yesterday

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 77.16. Rating agency, Standard and Poor’s stated that Japanese Prime Minister, Yoshihiko Noda’s administration had not made progress in tackling the public debt burden, … Continue reading →

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GBP/USD: Pound continues to lose steam in the Asian session

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.5490, following comments by the German Chancellor, Angela Merkel that joint euro bonds would send a “wrong signal,” spurring demand for safe-haven assets. GBP … Continue reading →

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EUR/USD: Euro trading lower on mounting sovereign debt woes

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3344, after a report showed that German business confidence improved unexpectedly in November, indicating that the Euro-zone’s largest economy is coping with the debt … Continue reading →

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AUD/USD: Aussie recoups its yesterday’s losses

Posted on November 24, 2011 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.53% against the USD to close at 0.9685, as concern about Europe’s rising borrowing costs and weak manufacturing PMI in China and Europe dampened investors’ appetite for riskier currency. … Continue reading →

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USD/CAD: Canadian dollar weakened as risk aversion rose, trading higher this morning

Posted on November 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.88% against the CAD to close at 1.0477, as the commodity-linked currency was weighed down by declining crude oil prices. Canadian dollar came under pressure after a disappointing bond auction in … Continue reading →

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USD/CHF: Pair backpedals in Asian session

Posted on November 24, 2011 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9200, after the release of US data on initial jobless claims. For the week ended 19 November 2011, initial jobless claims in … Continue reading →

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USD/JPY: Japanese Yen trading lower this morning

Posted on November 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 77.30. In the US, for the week ended 19 November 2011, initial jobless claims advanced to 393,000, compared to the previous week’s revised figure … Continue reading →

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