GBP/USD: UK consumer inflation fell to the lowest level since October 2009 in February

Posted on March 26, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.23% against the USD and closed at 1.6535. However, the GBP initially came under pressure, after an official report showed that UK’s annual consumer inflation rate fell to 1.7% … Continue reading →

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EUR/USD: ECB ready to do whatever it can to maintain price stability, says ECB Chief, Draghi

Posted on March 26, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.3820, after the ECB President, Mario Draghi stated that policymakers are closely monitoring the strength of the Euro and that the central … Continue reading →

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AUD/USD: Fitch affirmed Australia “AAA” rating with a “Stable” outlook

Posted on March 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 0.9127. Late Yesterday, Fitch Ratings affirmed its “AAA” rating on Australia’s long-term foreign and local currency IDRs with a “Stable” outlook, by … Continue reading →

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USD/CAD: Loonie trading tad higher amid lack of economic data from Canada

Posted on March 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD to close at 1.1198, following a downbeat US Markit manufacturing PMI data for March. In the Asian session, at GMT0400, the pair is trading … Continue reading →

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USD/CHF: SNB should consider negative interest rate to counter Swiss Franc’s strength, says IMF

Posted on March 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CHF and closed at 0.8809, hurt by a lacklustre US Markit manufacturing PMI data. Yesterday, the IMF urged the Swiss National Bank (SNB) to stick … Continue reading →

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USD/JPY: Deflation risk to emerge if inflation stays below 1% for a long time, warns BoJ’s Kikuo Iwata

Posted on March 25, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.25. Yesterday, the Bank of Japan (BoJ) Deputy Governor, Kikuo Iwata, highlighted the possibility for deflation risks in the Japanese economy … Continue reading →

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GBP/USD: Pound steady ahead of UK consumer inflation data

Posted on March 25, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6497, amid a lack of major economic releases from the UK. In the Asian session, at GMT0400, the pair is trading at … Continue reading →

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EUR/USD: ECB eyeing the EUR exchange rate’s impact on inflation, reveals ECB’s Erkki Liikanen

Posted on March 25, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.3836, giving up its firmer losses, triggered by the latest batch of downbeat Markit Economics’ PMI data for the Euro-zone and German … Continue reading →

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AUD/USD: Aussie trading lower ahead of a planned speech from RBA Deputy Governor, Philip Lowe

Posted on March 24, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.56% against the USD to close at 0.9088. LME Copper prices rose 1.6% or $105.0/MT to $6539.5/MT. Aluminium prices advanced 0.2% or $3.0/MT to $1677.0/MT. In the Asian session, at GMT0400, the pair … Continue reading →

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USD/CAD: Canada’s monthly consumer inflation came in better than market expectations for February

Posted on March 24, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.29% against the CAD to close at 1.1209. The Canadian Dollar advanced against its US counterpart as the latest batch of upbeat economic data from the Canadian economy dampened speculations for an interest … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on March 24, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.12% against the CHF and closed at 0.8825. In the Asian session, at GMT0400, the pair is trading at 0.8830, with the USD trading 0.06% higher from Friday’s close. The pair is expected … Continue reading →

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