USD/CHF: SNB keeps rates on hold, signals concern on Swiss Franc level

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.48% against the CHF and closed at 0.8485, after reports showed that the Swiss central bank left its benchmark interest rate near zero. The Swiss National Bank (SNB) on Thursday maintained … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: BoJ minutes states additional easing may be required, Yen trading flat this morning

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.32% against the JPY and closed at 80.60. In Japan, minutes from the Bank of Japan’s (BoJ) monetary policy meeting showed that the need for additional easing measures remains potentially strong. … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Continues to lose steam

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6161, amid poor UK jobs and retail sales data, adding further weight to calls for the Bank of England to keep interest rates on … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Trading lower this morning, Trichet presses strong euro zone reforms

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.11% against the USD and closed at 1.4198. European Central Bank President, Jean-Claude Trichet stated yesterday that the 17 nations that use the euro must implement crucial governance reforms that would … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie drops as Greek contagion fears escalate, trading flat this morning

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.00% against the USD to close at 1.0577, as Greece’s sovereign debt crisis spooked risk appetite for Australian dollar. Investors remained worried that Greece’s debt crisis remained highly unstable and that … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie declines amid weak data, Greek worries

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.00% against the CAD to close at 0.9783. Canadian dollar declined following weaker Canadian and the US economic data and amid renewed concerns that the Greek debt crisis could escalate. In … Continue reading →

Posted in USD/CAD | Leave a comment

USD/JPY: Yen extends decline

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.41% against the JPY and closed at 80.86. The Bank of Japan, yesterday, indicated that the Japanese economy is showing some signs of growth, upgrading its assessment for the first time … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Swiss Franc trading lower this morning, Investors focused on SNB interest rate decision

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.92% against the CHF and closed at 0.8526. In the US, the industrial production, on a monthly basis, rose by 0.1% in May, compared to a flat reading recorded in April. … Continue reading →

Posted in USD/CHF | Leave a comment

GBP/USD: Pound trading marginally higher this morning

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.15% against the USD and closed at 1.6191, amid poor UK job data. The number of people claiming jobseeker’s allowance in the UK rose by 19,600 to 1.49 million in May. … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro backpedals as debt woes deepen, trading marginally higher this morning

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.82% against the USD and closed at 1.4182. Euro came under pressure, as investor concerns grew that Greece’s debt crisis may be getting out of control, as a new bailout scheme … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie continues to cement gains after Stevens stated that rate increase needed

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 1.0684. The Australian dollar was boosted after release of Chinese economic data, raising prospects for growth in exports from the South Pacific nations. In … Continue reading →

Posted in AUD/USD | Leave a comment