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Dollar weakens following run of poor top tier data

27/11/2014 | OzForex

United States Dollar: Second Estimate UK GDP data printed in line with market expectations on Wednesday at 0.7%, still down on the previous quarter’s reading of 0.9%. GBP/USD fell to a low of 1.5684 on the news, but as the day went on the dollar started to weaken. US ...
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Aussie dollar falls to 4 year lows as commodities continue to slide

26/11/2014 | OzForex

United States Dollar: The Bank of England Governor Mark Carney and other MPC members testified before the Treasury Select Committee yesterday. They didn’t say anything too surprising – Carney said that the next policy move would be to raise interest rates, ...
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Rates steady in run up to today''s Inflation Report Hearings

25/11/2014 | OzForex

United States Dollar: The dollar weakened yesterday despite a lack of top tier data. Flash Services PMI printed slightly weaker than expected but it wasn’t a big contributor to the move. During what has been a steady start to the week so far, GBP/USD has made mild ...
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Euro sold off following more dovish comments from Draghi

24/11/2014 | OzForex

United States Dollar: It was a fairly quiet session for the pound on Friday and it’s been a steady start to this morning’s session with it being a Japanese public holiday. The euro was sold off on Friday and the decline in EUR/GBP acted as support to GBP/USD ...
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Pound rises as UK retail sales beat forecast

20/11/2014 | OzForex

United States Dollar: The pound got a boost yesterday morning as UK Retail Sales for October beat forecast showing 0.8% growth m/m. After last month’s disappointing result a rebound was expected however the better than expected print saw cable regain 1.57 to reach 1.5733 ...
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Pound limps along ahead of UK and US central bank minutes

19/11/2014 | OzForex

United States Dollar: The pound remains under pressure this morning despite stronger than expected inflation data released yesterday. Year on year inflation accelerated last month by 1.3% vs. forecasts for 1.2%. GBP/USD continued to trade close to the 1.5650 level following ...
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GBP under pressure again ahead of inflation data

18/11/2014 | OzForex

United States Dollar: After staging a mild recovery late on Friday, GBP/USD snapped lower again on Monday morning as Europe came online. Both HSBC and Barclays announced that they would be pushing back their expectations for a UK interest rate hike by a full year to Q1 2016 ...
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A busy week awaits with inflation and central bank minutes in focus

17/11/2014 | OzForex

United States Dollar: The momentum was with pound sellers on Friday as GBP/USD broke down through support at 1.5650. The dovish Inflation Report earlier in the week and the broad dollar strength saw the pair fall to a low of 1.5601. Better than expected US retail sales data ...
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Pound drops to fourteen month lows vs. the dollar

14/11/2014 | OzForex

United States Dollar: GBP/USD has continued to lose ground and it opens this morning at 14 month lows. The pound is still reeling from the Bank of England’s various downgrades to CPI and GDP made earlier in the week. The pair has also broken down through various stop ...
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GBP snaps lower after inflation and growth forecasts are cut

13/11/2014 | OzForex

United States Dollar: The pound snapped lower yesterday following the release of the Bank of England Inflation Report. The central bank cut inflation and GDP forecasts; 2014 CPI forecasts were cut from 1.9% to 1.2%, 2015 CPI was cut from 1.7% to 1.4% and 2015 GDP was cut from ...
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