GBP/USD: Pound extends its gain in the Asian session

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.82% against the USD, on Friday, and closed at 1.5560. In the UK, the output Producer Price Index (PPI) rose 6.3% (Y-o-Y) in September, following a 6.0% growth recorded in August. … Continue reading →

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EUR/USD: Euro fell on Italy, Spain downgrades; trading higher this morning on EU pledge

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.25% against the USD, on Friday, and closed at 1.3393, after Fitch Ratings Agency downgraded rating of Spain and Italy, renewing concerns over the eurozone debt crisis. Fitch Rating Agency, on … Continue reading →

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AUD/USD: Aussie continues to record gains in the Asian session

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.21% against the USD to close at 0.9682, as commodity prices rose and after the European Central Bank’s statement that it would keep assisting banks to stem a possible credit crunch, … Continue reading →

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USD/CAD: Canadian dollar rises on higher risk appetite

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.34% against the CAD to close at 1.0381. Canadian dollar gained against the greenback as attempts by the eurozone officials to contain the debt crisis soothed investors concerns, boosting appetite for … Continue reading →

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USD/CHF: Swiss Franc trading higher, data on Switzerland unemployment awaited

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.9203. In Switzerland, on annual basis, Consumer Price Index rose to 0.5% in September, compared to 0.2% rise in August. Additionally, the foreign currency … Continue reading →

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USD/JPY: Yen trading steady ahead of BoJ interest rate decision

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.16% against the JPY and closed at 76.66. In the Asian session, at GMT0300, the pair is trading at 76.65, with the USD trading flat from the New York close. The … Continue reading →

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GBP/USD: Pound declined on BoE announcement of a fresh round of QE, trading higher this morning

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.5433, after the Bank of England (BoE) stated that it would inject a further £75 billion into the economy through quantitative easing (QE). Meanwhile, … Continue reading →

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EUR/USD: Euro rallies on ECB’s new measures

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.61% against the USD and closed at 1.3427, after the European Central Bank announced aggressive liquidity measures to support the region’s ailing banks, while holding interest rates steady at 1.5%, as … Continue reading →

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AUD/USD: Aussie continues its upward journey

Posted on October 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.85% against the USD to close at 0.9566. In the Asian session, at GMT0300, the pair is trading at 0.9632, with the AUD trading 0.69% higher from the New York close. … Continue reading →

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USD/CAD: Canadian dollar trading lower; market awaits Ivey PMI data in Canada

Posted on October 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.15% against the CAD to close at 1.0416. In the US, the Institute for Supply Management reported that its non-manufacturing index declined to 53.0 in September, compared to 53.3 posted in … Continue reading →

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USD/CHF: Swiss Franc declines as markets speculate SNB’s next move

Posted on October 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.41% against the CHF and closed at 0.9232, over speculation that the Swiss government may change the current cap of 1.20 Francs against the Euro to move it to 1.30 Francs … Continue reading →

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