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Commodity currencies spiral lower as speculation for CB rate cuts intensifies

30/01/2015 | OzForex

United States Dollar: The greenback strengthened yesterday and cable fell back under 1.51 to a low of 1.5034. Better than expected US Unemployment Claims supported the move. The data showed that claims decreased by 43,000 from the previous weeks revised level. The dust is ...
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FOMC language changes but statement ultimately fails to surprise

29/01/2015 | OzForex

United States Dollar: GBP/USD ticked higher yesterday morning and traded to a high of 1.5219. Investors were busily re-positioning ahead of the FOMC announcement that evening and as the afternoon passed GBP/USD eventually settled lower. Before the main event, attention was ...
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New Greek cabinet announced as Eurozone CPI data comes into focus

28/01/2015 | OzForex

United States Dollar: The first estimate of UK Q4 GDP was released yesterday with both the quarterly and annual figures both undershooting what the markets were expecting. The quarterly reading printed 0.5% a little lower than the 0.6% consensus with 2014s annual reading ...
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Disappointing UK GDP data sees GBP/USD fall

27/01/2015 | OzForex

United States Dollar: Yesterday was a positive start to the week for Sterling with GBP/USD pushing higher as the day went on. After dipping below 1.50 at the end of the week it managed to regain the handle and briefly was back above 1.51. The pound was supported by comments ...
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Euro drops to an eleven year low as Syriza win Greek elections

26/01/2015 | OzForex

United States Dollar: The pound actually held up pretty well on Friday as the sell-off in EUR/USD weighed on most dollar cross rates. The fall-out from the ECB’s QE announcement and the threat of a Greek exit from the Eurozone in the lead up to the weekend’s ...
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ECB unveils €1.1T QE programme to save Eurozone

23/01/2015 | OzForex

United States Dollar: The dollar gained across the board yesterday as events from Frankfurt dominated the news, more to follow. Cable has dropped overnight to below 1.50 for the first time since July 2013 and currently trades at 1.4962. With most western economies having a ...
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ECB set to announce QE programme today

22/01/2015 | OzForex

United States Dollar: The pound snapped lower yesterday morning as the Bank of England MPC minutes showed that members voted unanimously to leave interest rates on hold, this after last months’ votes showed that two members had voted for a rate hike. Members Weale and ...
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Quiet start to week ahead of key ECB press conference

20/01/2015 | OzForex

United States Dollar: It was a quiet start to the week data-wise yesterday as Americans enjoyed a national holiday to celebrate Martin Luther King day. Cable started the London session around 1.5140 and drifted higher mirroring a slight strengthening in EUR/USD however the ...
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Fallout from SNB bombshell continues as ECB decision comes in to focus

19/01/2015 | OzForex

United States Dollar: Volatility and the fallout from the SNB news last week continued on Friday as EUR/CHF dropped from 1.0224 to a low of .9748. It has recovered to open this morning at 1.0030. The effects were felt in other currency pairs too as EUR/USD fell to an eleven ...
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Surprise SNB announcement sends shock waves through financial markets

16/01/2015 | OzForex

United States Dollar: News that the Swiss National Bank had abandoned its EUR/CHF floor at 1.20 dominated the financial market headlines yesterday. The central bank also announced that it was cutting interest rates on deposits to -0.75% and that it was moving the target range ...
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