AUD/USD: AUD rose on higher risk appetite, trading lower this morning

Posted on August 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.84% against the USD to close at 1.0334. In the US, initial jobless claims, for the week ended 6 August 2011, declined unexpectedly to 395,000, compared to the prior week’s revised … Continue reading →

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GBP/USD: Pound gained on Chancellor Osborne’s comments, trading lower this morning

Posted on August 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.63% against the USD and closed at 1.6224, after the UK Chancellor of the Exchequer, George Osborne rejected opposition demands to review spending cuts and stated that he has a firm … Continue reading →

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USD/CAD: Canadian dollar a tad lower, this morning

Posted on August 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD fell 0.78% against the CAD to close at 0.9860. Canadian dollar gained amid higher oil prices and as equity markets rebounded. In Canada, the trade deficit widened to C$1.6 billion in June, … Continue reading →

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USD/CHF: Swiss franc falls on pegging rumour, trading flat this morning

Posted on August 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 4.86% against the CHF and closed at 0.7615. Swiss franc nursed heavy losses yesterday, sparked by a Swiss newspaper report that quoted Swiss National Bank (SNB), Vice Chairman Thomas Jordan stating … Continue reading →

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USD/JPY: Japanese yen trading lower in the Asian session, Japan slashes FY11 GDP forecast

Posted on August 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 76.83. This morning, in Japan, the Cabinet Office indicated that the Gross Domestic Product (GDP) would rise 0.5% in the current year, following the … Continue reading →

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EUR/USD: EUR trading lower this morning

Posted on August 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.4226. The European Central Bank (ECB) indicated that it would continue to monitor ‘very closely’ all developments relating to the upside risks to price … Continue reading →

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USD/CAD: Canadian dollar weakens as economy, rate outlook weigh, trading higher this morning

Posted on August 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.39% against the CAD to close at 0.9938. The Canadian dollar weakened against the greenback on Wednesday, hurt by concern over a global economic slump, Europe’s debt woes and the prospect … Continue reading →

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EUR/USD: EUR fell on fears of France’s AAA credit rating downgrade, recovers in Asian trading

Posted on August 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.61% against the USD and closed at 1.4137, amid initial speculation that France’s top-tier AAA credit rating could be downgraded. However, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings later … Continue reading →

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USD/JPY: Japanese yen continues its upward journey

Posted on August 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.70. In economic news in the US, mortgage application volume, on a seasonally adjusted basis, rose 21.7% for the week ended 5 August 2011, … Continue reading →

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AUD/USD: AUD trading lower on weak jobs data in Australia

Posted on August 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 2.07% against the USD to close at 1.0147. In the US, on a seasonally adjusted basis, wholesale inventories rose 0.6% (M-o-M) to $458.7 billion in June. This morning, the Australian Bureau … Continue reading →

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USD/CHF: Swiss franc retreats after SNB action

Posted on August 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.51% against the CHF and closed at 0.7262. The Swiss franc was pressured after the Swiss National Bank (SNB) intervened in the currency markets to contain the appreciation of the Swiss … Continue reading →

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