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Pound drops to 7 year low on Carney comments

20/01/2016 | OzForex

United States Dollar: Sterling suffered more pain yesterday falling to a seven year low against the greenback after comments from Bank of England Mark Carney poured cold water on a UK interest rate rise anytime soon. In a speech at Queen Mary University of London he stated ...
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China growth data weakest in 25 years

19/01/2016 | OzForex

United States Dollar: Chinas growth data was released overnight showing the economy expanded at 6.8% y/y in Q4 2015, slightly lower than the 6.9% forecast. As a whole 2015 saw growth of 6.9% the lowest since 1990 and just shy of the Chinese government’s target of 7%. The ...
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Pound drops on UK slowdown fears

18/01/2016 | OzForex

United States Dollar: Friday saw Sterling take a pummelling dropping to another multi-year low against the greenback. It started the London session around 1.44 before rapidly falling to a low of 1.4250 as New York shut up shop for the weekend. There was no top tier data from ...
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Negative Sentiment Surrounds The Pound

15/01/2016 | OzForex

United States Dollar: The pound looks to be set to end the week in the red against most of its major pairs today. We have had a return to risk aversion in the market during the Asian session. We have seen the price of oil continue its slide downward after a brief rally ...
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Pound Waiting For Guidance From The BOE

14/01/2016 | OzForex

United States Dollar: Sterling actually ended the day lower against the US dollar yesterday. After initially holding steady in the morning session investors became concerned that today’s BOE meeting may prove to be more dovish than previous statements due to the ...
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Pound Steadies After Heavy Sell Off Yesterday

13/01/2016 | OzForex

United States Dollar: So far this morning the GBP/USD rate is barely changed. Currently up 0.01% at 1.4444. The main news stories relates to a better than expected trade surplus figure released by China during the Asian trading session this morning. Whilst this release will have an impact on ...
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Markets Await UK Manufacturing Data

12/01/2016 | OzForex

United States Dollar: A mixed day yesterday for the USD. As we touched on yesterday the USD was initially fairly flat Monday morning despite a very strong jobs report delivered on Friday. A couple of major factors are currently holding down the Dollar. Firstly on Friday whilst ...
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Pound Lower In Thin Trading

11/01/2016 | OzForex

United States Dollar: After an excellent end to last week for the USD with a much better than expected non farms figure of 292K jobs being added, a figure which comfortably beat a forecast of 203K, we are expecting a much quieter start to this week. We have had thinner than ...
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What a start to 216

08/01/2016 | OzForex

United States Dollar: The US dollars unemployment claims showed a slight increase on what was expected but was down on last month’s figure yesterday. With demand for safe haven still high and the minutes of the FEDS December meeting showing concerns that inflation could ...
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6 year high in sight for USD/GBP

07/01/2016 | OzForex

United States Dollar: The US had a packed calendar of events yesterday and it was a mixed bag of results. The greenback was able to hold steady against most major currencies during Wednesday’s session though. The Institute of Supply Management said its non-manufacturing ...
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