USD/CHF: Swiss Franc at record highs

USD/CAD: Canadian dollar trading higher this morning, BoC interest rate decision awaited

Posted on May 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.04% against the CAD to close at 0.9766, ahead of Canadian interest rate decision. In Canada, the current account deficit improved to C$8.92 billion in the first quarter of 2011 from … Continue reading →

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USD/CHF: Swiss Franc at record highs

Posted on May 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.13% against the CHF and closed at 0.8494, as expectations for slower US growth and concerns over a possible restructuring of Greek sovereign debt supported demand for Swiss Franc. In the … Continue reading →

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USD/JPY: Yen slips, as Moody’s puts Japan on review for possible downgrade

Posted on May 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 80.86. In Japan, this morning, the industrial production rose by 1% (M-o-M) in April, following a 15.5% decline in March. The unemployment rate, on … Continue reading →

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GBP/USD: British Pound trading higher in Asian session

Posted on May 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6493. A leading British business group, The British Chambers of Commerce (BCC), on Monday cut its growth forecasts for the country’s economic growth over … Continue reading →

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EUR/USD: Euro rises on speculation Germany to support new Greek aid

Posted on May 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.4339, on speculation that the European officials would approve additional assistance for Greece, thus increasing demand for the region’s assets. The Euro-zone finance ministers’ … Continue reading →