USD/CHF: Swiss Franc lower in the Asian session

Posted on August 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD ended flat against the CHF and closed at 0.9237. In Switzerland, an official report confirmed that the nation’s trade balance registered a surplus of CHF2,380 million, defying market expectation for … Continue reading →

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USD/JPY: Yen continues to slide on Fed cues

Posted on August 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.10% against the JPY and closed at 98.88, as the currency continued to face pressure from the minutes of Fed’s latest policy meeting, which signalled that the policy makers’ … Continue reading →

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GBP/USD: Pound continued to trade in the red territory ahead of UK GDP data

Posted on August 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5596, after recent Fed minutes showed a broad consensus among policymakers for a gradual reduction of bond purchases later this year, if the … Continue reading →

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EUR/USD: Euro pared losses on upbeat economic data, trading lower in Asian session

Posted on August 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR gained 0.11% against the USD and closed at 1.3356, drawing support from the latest batch of upbeat PMI data from the Euro-zone and Germany. In the Euro-zone, Markit manufacturing PMI rose … Continue reading →

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AUD/USD: Aussie rebounds on upbeat manufacturing PMI in China

Posted on August 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD dropped 0.97% against the USD to close at 0.8969, as investors favoured the safe-haven USD after minutes from the Fed’s latest policy meeting highlighted policy-makers’ willingness to taper stimulus programme later this … Continue reading →

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USD/CAD: Loonie in red following FOMC minutes

Posted on August 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.87% against the CAD to close at 1.0487, after minutes from Fed’s latest policy meeting singled that policy-makers might begin tapering its bond purchase program later this year. The Loonie … Continue reading →

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USD/CHF: FOMC minutes continues to boost USD

Posted on August 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.65% against the CHF and closed at 0.9235. In economic news, Switzerland’s M3 money supply increased 10.8% (YoY) during July compared to a 11.3% increase registered in the previous month. … Continue reading →

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USD/JPY: Yen lower after FOMC minutes singled stimulus tapering later this year

Posted on August 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.51% against the JPY and closed at 97.82, after minutes from the Fed’s latest policy meeting indicated that the US policy-makers were broadly in agreement to start tapering its stimulus … Continue reading →

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GBP/USD: Pound lower following Fed minutes

Posted on August 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP declined 0.29% against the USD and closed at 1.5617, after Fed’s minutes indicated that the policy-makers might slowdown the pace of its stimulus measures later this year. Meanwhile in the UK, public … Continue reading →

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EUR/USD: US Dollar rallies after Fed minutes

Posted on August 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.60% against the USD and closed at 1.3341. The greenback edged higher after the highly anticipated minutes of Fed’s July’s meeting failed to signal a more concrete wind-down date for the … Continue reading →

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AUD/USD: RBA minutes continues to push AUD lower

Posted on August 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.63% against the USD to close at 0.9057, after the minutes from the Reserve Bank of Australia’s latest policy meeting signalled the possibility for the policy makers to cut the … Continue reading →

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