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Dollar bounces as US GDP revised up

28/08/2015 | OzForex

United States Dollar: Those hoping for a September rate hike from the Fed got a fillip yesterday as the second estimate of Q2 US GDP was revised upwards from 2.3% to 3.7%. The improved figure was above the 3.2% analysts had pencilled in and cable dropped below 1.54 for the ...
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Chinese stocks recover and dollar rallies

27/08/2015 | OzForex

United States Dollar: The dollar strengthened yesterday as US equity markets recovered and expectations for a September Fed rate hike were pushed back. According to the Fed’s William Dudley yesterday “the decision to begin the normalization process at the ...
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Chinese rate cuts and possible delay to Fed lift-off fuels volatility

26/08/2015 | OzForex

United States Dollar: Unsurprisingly, it was another volatile day yesterday. The People’s Bank of China cut interest rates by 0.25% and relaxed the reserve requirement ratio (RRR) by 50 basis points for most of the big banks, this following a day of further losses in ...
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Wild swings in rates as panic sets in over China and global growth prospects

25/08/2015 | OzForex

United States Dollar: It was a wild day in financial markets yesterday. Stemming from fears over China’s growth prospects, traders turned risk averse and sought out less risky assets. Stock markets around the world were hammered, commodity prices slumped and currency ...
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Risk sold as China concerns deepen

24/08/2015 | OzForex

United States Dollar: There was another rout in Chinese stocks overnight as investors and traders fretted over China’s economic growth prospects. The Shanghai Composite finished down 8.5% and the negative sentiment spread throughout Asia as the Hang Seng Index fell by ...
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Dollar slumps as investors push back expectations for Fed liftoff

21/08/2015 | OzForex

United States Dollar: UK retail sales data printed weaker than expected on Thursday morning and the reaction in GBP/USD was in contrast to the positive reaction we saw following the release of inflation data earlier in the week. GBP/USD slumped to 1.5612 and although GBP/USD ...
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USD weaker following dovish FOMC Minutes

20/08/2015 | OzForex

United States Dollar: With no data releases from the UK yesterday, it was up to news from the US to affect Sterling dollar. The morning session therefore was relevantly quiet and the pair traded a narrow quarter of a cent range between 1.5665 and 1.5690. The afternoon then saw ...
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Strong UK CPI numbers sends Sterling higher

19/08/2015 | OzForex

United States Dollar: GBP/USD – The pound gained heavily yesterday as better than expected inflation data, for July, increased speculation of a UK increase interest rate rise at the turn of the year. YoY Consumer price index rose to 0.1% while Core CPI (CPI excluding food, ...
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Focus on today’s UK inflation numbers

18/08/2015 | OzForex

United States Dollar: GBP/USD – Sterling remained well supported during the early part of yesterday’s sessions, with the pair trading above the 1.5650 mark. Roughly around 10 o’clock its support wavered however and cable ticked lower through the rest of the ...
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Sterling starts the week on the front foot

17/08/2015 | OzForex

United States Dollar: The end of last week saw a choppy spell for GBP/USD as strong US Industrial Production growth and better than expected US Producer Price Index (PPI) helped the Greenback initially gain against sterling. Month on Month industrial production for July printed ...
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