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Pound climbs steadily as week comes to a close

23/06/2017 | OzForex

United States Dollar: It was another very quiet day for the pound (apparently everyone was at Royal Ascot) as it traded in a very narrow range against the US dollar. This was despite the morning release of UK factory orders hitting 29 year highs for this month. Whilst ...
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Haldane''s hawkish comments drive sterling

22/06/2017 | OzForex

It was a day of swings for the US dollar yesterday, particularly against the pound as it traded one cent either way. US housing data did come out in the afternoon which showed unexpected strength in sales. Sales of homes, excluding new builds, jumped to
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Fed hikes but selling pressure still dominates

15/06/2017 | OzForex

The US dollar released a raft of data yesterday including the all-important rate announcement. The greenback kicked the day off with the inflation number and retail sales.
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Markets await the FEDs decision.

14/06/2017 | OzForex

The greenback lost ground yesterday as markets await the eagerly anticipated rate announcement tonight. The conclusion of the 2-day meeting is expected to bring a rate rise with a 97% chance of this happening.
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UK heading for crunch talks as Mondays deadline date looms.

13/06/2017 | OzForex

As markets gear up to the Federal Reserve meeting this week investors are moving cautiously from a Dollar point of view. The dollar traded flat against a basket of global currencies on Monday, failing to capitalize from a slump in sterling but expectation
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Central bank meetings headline the week ahead

12/06/2017 | OzForex

After an eventful week last week the Dollar was able to close out higher. The greenback found some selling pressure on Thursday after Comey accused President Donald Trump of firing him in a bid to undermine a probe into Russia’s alleged involvement in the
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UK Election Results in Hung Parliament

09/06/2017 | OzForex

United States Dollar: The only major release from yesterday’s card from the US was Unemployment Claims which fell to 245k from 255k. This figure had little impact as markets turned to the major event risks of the day which came in the form of the UK election, the ...
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Markets await Super Thursday

08/06/2017 | OzForex

United States Dollar: There was little data of note released yesterday from the US with the headline figure coming from Crude Oil Inventories which unexpectedly rose from a previous figure of -6.4m to 3.3m. This had little impact on the US Dollar but did lead to oil ...
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Focus turns to Thursday

07/06/2017 | OzForex

United States Dollar: The only major release from the US yesterday came in the form of JOLT’s Job Openings which exceeded expectations, rising to 6.04m from a previous figure of 5.79m. This is the highest recorded figure since the year 2000, however hiring figures ...
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Civil servants advised to prepare for hung parliament.

06/06/2017 | OzForex

United States Dollar: We have a very quiet week ahead in terms of data from the US with the main release yesterday coming in the form of ISM non-manufacturing PMI which came in under forecast at 56.9, down from a previous figure of 57.5. This did little to motivate ...
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