USD/CAD: Canada’s industrial product price and raw material price index surpassed market estimates for February

Posted on April 2, 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 1.1030. The Canadian Dollar gained ground after data revealed that the Canadian raw materials price index advanced by the most in … Continue reading →

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USD/CHF: Swiss SVME PMI declined to a three-month low reading of 54.4 in March

Posted on April 2, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.8835. In economic news, the Swiss SVME – purchasing managers’ index fell to a three-month low reading of 54.4 in March, … Continue reading →

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USD/JPY: Yen extends its losses in the Asian session

Posted on April 2, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.41% against the JPY and closed at 103.64. In the Asian session, at GMT0300, the pair is trading at 103.86, with the USD trading 0.21% higher from yesterday’s … Continue reading →

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GBP/USD: Pound trading tad higher ahead of UK construction PMI data

Posted on April 2, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6630, after data showed that the UK Markit manufacturing PMI fell to a 8-month low reading of 55.3 in March, contradicting market … Continue reading →

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EUR/USD: No deflation prospects in the Euro-zone, says EBC’s Constancio

Posted on April 2, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3794, as traders cheered the latest batch of upbeat economic data across the Euro-zone. Data showed that Euro-zone unemployment rate stood pat … Continue reading →

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AUD/USD: RBA kept its interest rate unchanged at 2.5%

Posted on April 1, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD rose 0.11% against the USD to close at 0.9268. Late yesterday, a report from Australia showed that the AiG performance of manufacturing index decline to a reading of 47.9 in … Continue reading →

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USD/CAD: Weaker Loonie to boost Canadian companies’ profits, opines Moody’s

Posted on April 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.1053. Earlier during the day, the Canadian Dollar advanced after data showed that the Canada’s GDP rose 0.5% (MoM) in January, … Continue reading →

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USD/CHF: Minimum exchange rate on the Franc remains the right policy for the Swiss economy, says SNB Chief, Jordon

Posted on April 1, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.8845. Yesterday, in an interview with the Wall Street Journal, the SNB Chief, Thomas Jordan, stated that the minimum exchange rate … Continue reading →

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USD/JPY: Yen trading tad lower ahead of the planned sale-tax hike in Japan

Posted on April 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.32% against the JPY and closed at 103.23. Yesterday, data from Japan showed that housing starts rose 1.0% (YoY) in February, less than analysts’ estimates for a 4.9% … Continue reading →

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GBP/USD: Stress tests would test banks’ resilience to rate hikes, BoE’s Andrew Bailey

Posted on April 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6665. The US Dollar came under pressure, following the Fed Chief, Janet Yellen’s dovish comments on the prevailing conditions in the US … Continue reading →

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EUR/USD: Euro-zone consumer inflation rate dropped to the lowest level since 2009 in March

Posted on April 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3775, reversing its initial losses, triggered by an official report that showed annual consumer inflation rate in the Euro-zone declined to 0.5% … Continue reading →

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