USD/JPY: Yen trading higher after yesterday’s fall

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY and closed at 80.25, on poor Japanese trade data. In Japan, yesterday, the leading index fell to 96.2 in April from 96.4 in March. Meanwhile, the coincident … Continue reading →

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GBP/USD: Pound erases losses versus US dollar, trading higher this morning

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.6209. The European finance ministers kept on hold the decision to extend a fresh loan package to Greece, raising the appeal for the pound … Continue reading →

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EUR/USD: Euro trading marginally higher, as focus shifts to Greek austerity

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4325, after European officials reassured investors over the Greece default. The Euro zone finance ministers, yesterday, stated that a clear, new financing strategy for … Continue reading →

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AUD/USD: Australian dollar under pressure as Greek jitters persist

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.52% against the USD, on Friday, to close at 1.0614. In the Asian session at 3:00GMT, the pair is trading at 1.0579, 0.33% lower from Friday’s close at 23:00 GMT. LME … Continue reading →

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USD/CAD: Loonie advanced on the hopes for resolution in Greece, trading lower this morning

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD, on Friday, to close at 0.9806. The Canadian dollar edged higher against the greenback on Friday as news of an outline agreement to aid debt-burdened Greece lifted … Continue reading →

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USD/CHF: Greenback continues to trade higher versus Swiss Franc

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF, on Friday, and closed at 0.8489. In the Asian session, at 3:00GMT, the pair is trading at 0.8504, 0.18% higher from Friday’s close at 23:00 GMT. The … Continue reading →

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GBP/USD: Pair showing convergence with its MA’s

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD, on Friday, and closed at 1.6182. In the US, the leading economic index, on a monthly basis, rose by 0.8% in May, following a revised 0.4% decrease … Continue reading →

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USD/JPY: Japanese yen trading lower in Asian session

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.71% against the JPY, on Friday, and closed at 80.03. The IMF reported that the Japanese economy is now seen shrinking by 0.7% this year compared to the 1.4 % expansion … Continue reading →

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EUR/USD: Euro backpedals this morning as Europe defers decision on Greece

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD, on Friday, and closed at 1.4300, as investor sentiment received a lift on the news that Germany and France have adopted a common position on a bailout … Continue reading →

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AUD/USD: Aussie continues to trade lower this morning

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0559. In the US, the current account deficit widened to $119.3 billion in the first quarter of 2011, following a revised current account deficit … Continue reading →

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USD/CAD: Loonie hit for second day, as Greece concerns mount

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.32% against the CAD to close at 0.9814, as investors sought a safe haven in the greenback amid fears that Greece could default on its debt. In Canada, the foreign investment … Continue reading →

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