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AUD rallies as RBA signals it is more comfortable with current exchange rate

04/08/2015 | OzForex

United States Dollar: The pound didn’t get off to the best of starts yesterday and by the early afternoon it had fallen to 1.5569 vs. the US dollar. UK Manufacturing PMI for July was released yesterday morning and printed pretty much in line with market expectations at ...
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US wage data brings 2015 Fed rate hike into question

03/08/2015 | OzForex

United States Dollar: GBP/USD meandered around the 1.5570 level on Friday morning amid a lack of any fresh economic releases. It was sparked in to action come 1:30pm however as US wage data showed that salaries in the US rose at their slowest pace on record (since 1982) in ...
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Dollar rises as US GDP points to September rate hike

31/07/2015 | OzForex

United States Dollar: Yesterday saw the release of Advance GDP for the 2nd quarter from America. The first estimate of the data available showed the US economy expanded at an annualised 2.3% between April and June, slightly lower than the 2.6% forecast but a solid rebound ...
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Dollar firmer as September rate hike remains on the cards

30/07/2015 | OzForex

United States Dollar: The pound rallied yesterday and pushed through 1.56 vs. the dollar. At one stage it looked like it might break 1.57, but traded to an eventual high of 1.5687. It was an odd move with the FOMC statement due that evening, but with UK GDP printing onside ...
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Markets steady in run up to the Fed statement

29/07/2015 | OzForex

United States Dollar: UK Q2 Prelim GDP printed in line with market forecasts yesterday at 0.7%. It shows that the UK economy is back on course, this following a Q1 reading of 0.4%. It goes some way to supporting the more hawkish stance taken by Bank of England officials last ...
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Pound rises on UK GDP data

28/07/2015 | OzForex

United States Dollar: GBP/USD rose during yesterday’s session hitting a late afternoon peak of 1.5595 around a cent higher than its low earlier in the day. The dollar weakness came about as Core Durable Goods Orders for June printed 0.8% growth, higher than the 0.4% ...
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Dollar dumped as Fed accidentally release report for staff projections

27/07/2015 | OzForex

United States Dollar: GBP/USD slipped under 1.55 on Friday, dragged lower by increased selling in the EUR/USD pair. It recovered once US markets came online however – the dollar was sold following the accidental release of staff forecasts by the Federal Reserve. The ...
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Pound falls on poor retail sales data

24/07/2015 | OzForex

United States Dollar: The pound fell yesterday as UK Retail Sales missed forecast by some distance. With the markets pricing in growth of 0.4% the release printed -0.2% with falls in food shopping, household goods shopping and petrol purchases being blamed for the drop. Cable ...
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MPC vote unchanged at 9-0 - Greek parliament passes latest reforms

23/07/2015 | OzForex

United States Dollar: The minutes from the Bank of England’s latest Monetary Policy Committee meeting were released yesterday showing that policy makers were again unanimous in voting to hold Bank Rate at its record low of 0.5%. The 9-0 vote was expected by most ...
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Markets await MPC Minutes

22/07/2015 | OzForex

United States Dollar: Yesterday was relatively quiet data-wise with few releases of note. Cable started the day at around 1.5590 and fell back to a low of 1.5530 early on as some profit -taking took place. It’s bounced back this morning as the markets look forward to a ...
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