USD/CAD: Loonie extends its upward movement against the greenback in the Asian session

Posted on June 24, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0731. In an interview with Bloomberg Television, Canadian Finance Minister, Joe Oliver, projected inflation rate in Canada “to be in the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading lower ahead of Switzerland’s May trade balance data

Posted on June 24, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.8945. In economic releases, data showed that Swiss M3 money supply rose 7.6% (YoY) in May, following an 8.0% (YoY) increase … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Bolder efforts needed to meet G20 commitments, opines BoJ Governor, Kuroda

Posted on June 24, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 101.89. Yesterday, in a speech to one of Japan’s leading business associations, the BoJ Governor, Haruhiko Kuroda, highlighted the need for … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: David Miles highlights his willingness to vote for an interest rate hike before his departure from the BoE

Posted on June 24, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.7029. Yesterday, a BoE policymaker, David Miles, in his written newspaper comment, highlighted his willingness to vote for an interest rate … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro-zone’s Markit flash composite PMI fell to a six-month low level in June

Posted on June 24, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.3603. However, earlier during the day, the Euro-zone’s shared currency came under pressure after data showed that Euro-zone’s Markit composite PMI, … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie trading higher following upbeat Chinese manufacturing PMI data

Posted on June 23, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.15% against the USD to close at 0.9387. LME Copper prices rose 0.7% or $47.0/MT to $6777.5/MT. Aluminium prices edged up 0.1% or $1.0/MT to $1845.0/MT. In the Asian session, at GMT0300, the … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie extends its upward direction on the back of strong consumer inflation and retail sales data from Canada

Posted on June 23, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.60% against the CAD to close at 1.0755. The Canadian Dollar advanced after data showed that consumer inflation rate in Canada rose more-than-expected to 2.3% (YoY) in May, for the first time in … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading modestly higher against its US counterpart in the Asian session

Posted on June 23, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.22% against the CHF and closed at 0.8960. In the Asian session, at GMT0300, the pair is trading at 0.8950, with the USD trading 0.11% lower from Friday’s close. The pair is expected … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: BoJ’s stimulus policy having an intended impact on the economy, opines BoJ Governor, Kuroda

Posted on June 23, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.20% against the JPY and closed at 102.14. During his speech to an annual meeting of trust association, the BoJ Governor Haruhiko Kuroda, indicated that the central bank’s stimulus measures are having an … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: BoE not in a pressure to hike its interest rates, hints BoE’s Andy Haldane

Posted on June 23, 2014 by GCI Financial

GBPUSD Movement On Friday, the GBP fell 0.19% against the USD and closed at 1.7006. At a newspaper interview, BoE’s Chief Economist, Andy Haldane hinted that the central bank is under no pressure to raise its interest rate anytime soon, … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading higher ahead of Markit PMI data

Posted on June 23, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.15% against the USD and closed at 1.3589, as ECB policymaker, Yves Mersch, opined that the Euro-zone economy had not yet exited its financial and economic crisis while urging the government of Euro-zone’s … Continue reading →

Posted in EUR/USD | Comments Off