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GBP surges on BOE forward guidance

13/02/2014 | OzForex

United States Dollar: Sterling surged against all of its Major counterparts yesterday as the Quarterly Bank of England Inflation report saw Governor Mark Carney state the banks Interest rate policy has been overhauled to reflect improvements in the UK recovery. With unemployment ...
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Inflation Report likely to decide near term

12/02/2014 | OzForex

United States Dollar: GBP/USD dipped back below 1.64 yesterday morning as EUR/GBP cross trading weighed on cable. It then slowly appreciated in the run up to Fed Chair Janet Yellen’s first testimony before the U.S. House Committee. In her speech, which combined with a ...
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AUD breaks higher after strong business confidence data

11/02/2014 | OzForex

United States Dollar: It was a quiet day yesterday in FX markets. There was little by way of economic data whilst markets have been taking a cautious approach in the run up to Fed Chair Yellen’s testimony today and the BoE Inflation Report tomorrow. Investors will be ...
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US dollar falls back after disappointing payrolls

10/02/2014 | OzForex

United States Dollar: UK economic data released on Friday was disappointing. Both Manufacturing Production and Industrial Production for December printed below market expectations at 0.3% and 0.4% respectively. At the same time however UK Trade Balance was released and showed ...
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Euro rallies after ECB leave rates on hold

07/02/2014 | OzForex

United States Dollar: As expected yesterday the Bank of England left interest rates and QE on hold. There was no accompanying statement and GBP/USD was unmoved following the announcement. It was then dragged higher by the heavy bids in EUR/USD, this following ECB President ...
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Calm before ECB and US jobs storm

06/02/2014 | OzForex

United States Dollar: Ranges in FX have been fairly narrow over the last 24 hours as investors await today’s central bank announcements and U.S. Non-Farm Payrolls on Friday. The pound was initially sold yesterday morning though, this following the release of weaker than ...
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FX markets steady ahead of central bank announcements

05/02/2014 | OzForex

United States Dollar: The pound got an unexpected boost yesterday morning after UK Construction PMI beat market expectations. The data showed that construction activity reached its highest level in six and a half years, rising to 64.6 in January. GBP/USD jumped from 1.6285 to ...
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Pound off the boil ahead of Construction PMI

04/02/2014 | OzForex

United States Dollar: The pound has come under heavy selling pressure over the last 24 hours. It started early yesterday morning after positive European PMIs supported bids in EUR/GBP which in turn weighed on GBP/USD. UK Manufacturing PMI was then released at 9:30 and although ...
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USD stronger amid concern for emerging markets

03/02/2014 | OzForex

United States Dollar: Concerns for the state of emerging markets continued on Friday and it made for a volatile session in the morning. Global equity prices fell as risk was sold - the Dow finished the month down 5.3% and the USD strengthened across the board, attracting safe ...
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Sentiment wanes as emerging markets remain in focus

31/01/2014 | OzForex

United States Dollar: Emerging market currencies have been volatile again. The Russian central bank vowed unlimited intervention to protect the rouble yesterday after it fell to a record low on a trade weighted basis at the start of the week. With the Fed widely expected to ...
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