GBP/USD: Pound fell after BoE cuts UK growth forecast, trading higher this morning

Posted on August 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.11% against the USD and closed at 1.6122, after the Bank of England quarterly inflation report indicated that the outlook for growth has weakened. The BoE Governor, Mervyn King, stated that … Continue reading →

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AUD/USD: Aussie erases yesterday’s gains, trading lower this morning

Posted on August 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 2.12% against the USD to close at 1.0361, after the US Federal Reserve indicated that it would maintain a low interest rate for at least the next two years. In Australia, … Continue reading →

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USD/CAD: Canadian dollar trading tad lower this morning

Posted on August 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.17% against the CAD to close at 0.9802, after the US Federal Reserve indicated that it would maintain its hefty monetary policy stimulus for another two years. In Canada, the Canada … Continue reading →

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USD/JPY: Japanese yen continues to strengthen, intervention effects fade, credit negative for Japan economy: Moody’s

Posted on August 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.67% against the JPY and closed at 77.03, after the Federal Reserve stated that it would keep interest rates low for at least two years, keeping the Fed fund rate at … Continue reading →

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GBP/USD: Pound lower on weak UK economic data

Posted on August 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.16% against the USD and closed at 1.6303, after UK manufacturing unexpectedly dropped in June and the trade deficit widened, and as the worst civil unrest in 30 years added to … Continue reading →

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USD/CHF: Swiss Franc rises on Federal Reserve’s policy decision, trading lower this morning

Posted on August 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 4.20% against the CHF and closed at 0.7225, as the Federal Reserve’s pledge to keep rates near zero for another two years further diminished its allure to global investors. In the … Continue reading →

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EUR/USD: EUR trading lower in the Asian session

Posted on August 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.33% against the USD and closed at 1.4369, after the Federal Reserve stated that it would keep interest rates low for at least the next two years. EUR was also benefitted … Continue reading →

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USD/CAD: Canadian Dollar continues to fall

Posted on August 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.96% against the CAD to close at 0.9918. The Canadian dollar slipped to a six-week low yesterday as concerns of a global slowdown, brought on by S&P downgrading the US, dented … Continue reading →

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AUD/USD: AUD continues to decline on risk aversion

Posted on August 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 2.61% against the USD to close at 1.0146, as concerns over the slowing global growth dented investor sentiment. This morning, in Australia, the value of housing loans extended to owner-occupied homes, … Continue reading →

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USD/CHF: Swiss Franc spikes up on risk aversion

Posted on August 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.91% against the CHF and closed at 0.7542, as worries over the impact of Standard & Poor’s decision to downgrade US long-term debt boosted the demand for Swiss franc as a … Continue reading →

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USD/JPY: Yen continues to advance after BoJ minutes

Posted on August 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.91% against the JPY and closed at 77.55, amid concerns over a US economic slowdown following the downgrade of the US government’s credit rating on late Friday. In Japan, yesterday, the … Continue reading →

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