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Dollar slips ahead of key US economic data

28/08/2014 | OzForex

United States Dollar: Month end buying of GBP/USD saw the pair climb to a high of 1.6602 yesterday. There wasn’t any economic data to disrupt the move higher, either from the UK or the US and its held firm going in to the London session, opening this morning at 1.6595. ...
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NZD bounces on positive news from Fonterra

27/08/2014 | OzForex

United States Dollar: The US dollar strengthened yesterday after U.S. durable goods data jumped in July. Demand for these goods rose by 22.6% from the previous month and was the biggest rise on record. An increase in commercial aircraft demand was one of the biggest ...
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Euro sinks as Draghi vows to do more on inflation

26/08/2014 | OzForex

United States Dollar: It was a public holiday in the UK yesterday so trading in GBP/USD was fairly muted. The dollar did weaken on Friday afternoon though following Fed Chair Yellen’s speech at the Jackson Hole Symposium. There was somewhat of a follow through on ...
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Dollar settles lower ahead of key speech by Yellen

22/08/2014 | OzForex

United States Dollar: It’s been a volatile week this week for the pound but a bit of calm was restored yesterday. GBP/USD traded a fairly narrow range between 1.6575 and 1.6598. UK retail sales data was released yesterday morning and showed that sales grew in July at a ...
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Volatility at last as MPC and Fed minutes play their part

21/08/2014 | OzForex

United States Dollar: The pound recovered on Wednesday morning after MPC minutes showed that 2 members voted for a rise in UK interest rates at the last monetary policy meeting. Most MPC members found that there weren’t sufficient inflation pressures to justify hiking ...
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EUR/USD close to one year lows as dollar bids prevail ahead of FOMC minutes

20/08/2014 | OzForex

United States Dollar: GBP/USD slumped to 1.6602 overnight, this following the release of weaker than expected UK CPI inflation data yesterday morning. The index dropped from 1.9% to 1.6% y/y. A slight fall to 1.8% was expected so this bigger than expected move has seen the ...
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Weak UK inflation data sees pound gap lower

19/08/2014 | OzForex

United States Dollar: Ongoing geopolitical tensions in the Middle East and Ukraine continue to dominate the headlines and the uncertainty is hurting risk sentiment. The dollar has strengthened across the board with GBP/USD pushing towards the 1.67 level in the last few hours. ...
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Pound strengthens after Carney comments

18/08/2014 | OzForex

United States Dollar: Friday saw the release of the second estimate of UK Q2 GDP with the quarterly reading unchanged from the preliminary reading of 0.8%. The annual reading was revised upwards slightly to 3.2% from 3.1% which led cable to move from 1.6680 to test 1.67. ...
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Eurozone worries grow as GDP stalls

15/08/2014 | OzForex

United States Dollar: Sterling has remained under pressure since Wednesdays disappointing BoE Inflation Report saw it drop across the board. Cable traded under 1.67 throughout the London session yesterday briefly dropping to 1.6660 in early trading. Most economists now expect ...
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Sterling slumps after dovish BoE Inflation Report

14/08/2014 | OzForex

United States Dollar: Sterling fell across the board yesterday with the release of the Bank of England’s quarterly Inflation Report. The report upgraded the forecast for 2014 UK GDP growth from 3.4% to 3.5% and estimated the amount of slack in the economy had narrowed to ...
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