USD/JPY: Yen reverses its previous session losses, trading higher in Asian session

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.07% against the JPY and closed at 76.91, following weak Japanese PMI data. Japan’s services Purchasing Managers Index (PMI) dropped to 44.3 in August, from 45.3 posted in July. In the … Continue reading →

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GBP/USD: Pound trading lower, speculation the BoE considering more QE intensifies

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.42% against the USD and closed at 1.6101, after economic data showed a sharp slowdown in the UK services sector, fuelling speculation the Bank of England (BOE) may resort to another … Continue reading →

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EUR/USD: Euro extends losses this morning

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.4075, amid mounting fears over Europe’s sovereign debt crisis. On the economic front, Euro-zone’s Sentix investor confidence index edged down to -15.4 in September, … Continue reading →

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AUD/USD: Aussie trading lower as risk aversion mounts

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.05% against the USD, on Friday, to close at 1.0700. The US Labour Department on Friday reported that employers added no net workers in August and the unemployment rate was unchanged, … Continue reading →

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USD/CAD: Loonie continues to trade lower in Asian session

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CAD, on Friday, to close at 0.9851. The Canadian dollar came under pressure, after the US jobs report for August came in far weaker than expected, reigniting fears … Continue reading →

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USD/CHF: Swiss Franc rose as caution prevails, trading lower in Asian session

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.84% against the CHF, on Friday and closed at 0.7882. The Swiss Franc rose as fresh concerns over Greece’s access to bailout funds weighed on investor sentiment. The steady drip of … Continue reading →

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USD/JPY: Japanese yen trading flat this morning

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.05% against the JPY, on Friday, and closed at 76.80. On Sunday, Japan’s new Finance Minister, Jun Azumi stated that he would raise the issue of the strong yen at the … Continue reading →

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GBP/USD: Trading lower this morning

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD, on Friday, and closed at 1.6218. In the UK, the construction Purchasing Managers’ Index (PMI) retreated to 52.6 in August, compared to 53.5 in July. The pair … Continue reading →

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EUR/USD: Euro extends falls this morning

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.42% against the USD, on Friday, and closed at 1.4206, amid renewed concerns over the Euro zone debt worries after the Greek government reported its inability to meet its deficit target. … Continue reading →

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USD/CAD: Canadian dollar trading lower after yesterday’s rise

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CAD to close at 0.9760. The Canadian dollar was lifted by upbeat US economic data that helped improve investor sentiment. In the US, initial jobless claims, for the … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0705. In the US, the non-farm business productivity edged down 0.7% (Y-o-Y) in 2Q FY2011, following a 0.3% (Y-o-Y) decline initially reported. Moreover, the … Continue reading →

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