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Pound lower and directionless ahead of Services PMI

03/09/2015 | OzForex

United States Dollar: The pound trickled lower throughout most of the day yesterday. Not even the mildly positive UK Construction PMI numbers could save the pound as it slipped to a low of 1.5267 vs. the dollar. US economic data wasn’t the greatest either as ADP ...
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GBP/USD opens lower as stock market volatility continues

02/09/2015 | OzForex

United States Dollar: It was a “risk off” session again yesterday as weaker than expected Chinese manufacturing data was followed up by soft US ISM Manufacturing PMI - this reading came in at 51.1 vs. 52.6. The sell-off in equities accelerated and other risk ...
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Risk off again as Chinese data points to further slowdown

01/09/2015 | OzForex

United States Dollar: It was a bank holiday in the UK yesterday and although trading conditions were a bit thinner it didn’t mean that markets were any less volatile. US stocks lost ground again, a reaction in part to some fairly hawkish comments emanating from the ...
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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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