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Risk off approach taken as global stocks tumble.

22/03/2017 | OzForex

United States Dollar: Minor data released yesterday did little to motivate movement in the USD as investors were focused on a fragile political landscape and sensitive stocks. US stocks have managed to remain relatively strong this year while the USD has steadily ...
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Date is set for Article 50. 

21/03/2017 | OzForex

United States Dollar: This week we will see a number of key Fed members speak. Following last week’s dovish rhetoric, these will be key for how investors will price in potential rate hikes for the remainder of 2017. Yesterday saw members Evans and Harker both state ...
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Fed remains in focus.

20/03/2017 | OzForex

United States Dollar: The USD experienced its greatest retreat in nearly 6 months last week following policy announcements from the Fed. Investors were left puzzled following a fairly dovish rate hike from the US. Markets had expected announcements to outline a steep ...
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GBP rallies after MPC member votes for rate hike at last BoE meeting

17/03/2017 | OzForex

United States Dollar: Sterling surged higher yesterday after it was revealed that one member of the MPC, Kristin Forbes, voted for a rate hike at the last Bank of England monetary policy meeting. The language of the most recent statement also appeared more hawkish, ...
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Dollar slumps in response to Fed statement

16/03/2017 | OzForex

United States Dollar: GBP/USD whipped around in a fairly close range both sides of the 1.22 figure yesterday, but ended the London morning session lower (under 1.22) after the release of weaker than expected UK wage data, this despite the simultaneous release of a fairly ...
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Markets await Fed decision and Dutch election

15/03/2017 | OzForex

Attention turns to Washington today as the Federal Reserve rate decision looms with an expected 25bp hike in interest rates pretty much guaranteed. Only a month ago the odds of a hike were estimated at being 50/50 at best however the past few weeks has se
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Sterling recovers ahead of Commons Brexit debate

14/03/2017 | OzForex

Sterling hovered around a seven-week low throughout Friday morning ahead of the monthly jobs report from the States. Non-Farm Payrolls for February showed 235k jobs were added to the US economy
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Pound pushed lower

10/03/2017 | OzForex

Cable traded in a narrow range yesterday, under 1.2200. The only volatility in the currency pair came from the only key data release from both sides of the pond Thursday – US Unemployment claims. An increase of 20,000 claims slightly dampened the recent p
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The budget offers no light relief to the Pound

09/03/2017 | OzForex

Cable enters into its fourth day of losses. GBP/USD traded at the start of this week closer to 1.2300 but presently tests a fall below 1.2150. The UKs budget yesterday offered no light relief to the Pound as chancellor Philip Hammond confirmed growth was
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Pound remains on back foot ahead of the Budget

08/03/2017 | OzForex

United States Dollar: The pound remained on the back foot for most of the day yesterday as the House of Lords debated the Brexit bill, again. Peers voted 366 to 268 for a parliamentary vote on the final terms of the withdrawal and although, in the grand scheme of ...
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