USD/CAD: Loonie continues to trade lower; Canada’s manufacturing sales beat expectations

Posted on November 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.41% against the CAD to close at 1.0210. The Canadian dollar weakened against its U.S. counterpart, dragged down by continuing fears of a debt contagion in Europe. However the decline was … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc continues to trade lower

Posted on November 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.9160. In the Asian session, at GMT0400, the pair is trading at 0.9201, with the USD trading 0.45% higher from yesterday’s close. The pair … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Japanese Yen tad lower this morning

Posted on November 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.08% against the JPY and closed at 77.04. In the US, the Producer Price Index (PPI) fell 0.3% (M-o-M) in October, following a 0.8% increase recorded in September. This morning, the … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: British Pound continues to trade lower; UK inflation came in lower than expected

Posted on November 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5819. On an annual basis, the Consumer Price Index (CPI) in the UK rose 5.0% in October, compared to 5.2% growth recorded in September. … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro continues to slip as Italian borrowing costs rise

Posted on November 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.68% against the USD and closed at 1.3527, as a rise in Italian and Spanish bond yields reduced investors’ appetite for riskier assets. In German economic news, the Gross Domestic Product … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie recoups its yesterday’s losses as RBA sounds less than dovish

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.32% against the USD to close at 1.0193, as concerns that Europe would struggle to contain its sovereign-debt crisis sapped demand for riskier currencies. In the Asian session, at GMT0400, the … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian Dollar declines as crude oil falls and amid renewed European debt concern

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.74% against the CAD to close at 1.0168, The Canadian dollar fell amid fall in crude oil prices and amid concerns that European nations may find it difficult to repay their … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading lower as PPI drops in Switzerland

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.07% against the CHF and closed at 0.9087. The Swiss franc weakened versus the dollar as producer and import prices in Switzerland fell for a sixth month in October. In Switzerland, … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Pair trading flat this morning

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 77.10, after strong Japanese GDP data. Japanese Gross Domestic Product (GDP) rose 1.5% in the third quarter of 2011, following a contraction in the … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: British Pound continues to trade lower on Euro-zone concerns

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.10% against the USD and closed at 1.5897, as Italian borrowing costs surged to record highs after a government bond auction, weighing on demand for British Pound. In the Asian session, … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro backpedals, Italian yields rise; Greece opposition vows to reject austerity

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.20% against the USD and closed at 1.3619, amid renewed fears over the Euro-zone debt crisis after the Italian bond auction and poor Euro-zone industrial data. Italy’s Treasury auctioned €3 billion … Continue reading →

Posted in EUR/USD | Leave a comment