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USD sold off as London returns from long weekend

06/05/2014 | OzForex

United States Dollar: It was another quiet start to the week this week in FX markets. With it being a public holiday in the UK (or London) - the centre for foreign exchange - there was very little activity and not much by way of reaction to US data. Both US Final Services PMI ...
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Markets await US Non-Farm Payrolls

02/05/2014 | OzForex

United States Dollar: The pound traded to multi-year highs vs. the dollar yesterday after UK manufacturing data printed better than market expectations. The index for April came in at 57.3 vs. forecasts for 55.4, the highest PMI in five months and GBP/ USD climbed to 1.6921 on ...
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GBP/USD rallies

01/05/2014 | OzForex

United States Dollar: It was a steady start for GBP/USD yesterday and it traded a fairly narrow range during the morning. It then took off following the release of weaker than expected GDP data from the US. First quarter annualised growth printed at 0.1% vs. expectations for ...
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Euro under pressure following more soft inflation data

30/04/2014 | OzForex

United States Dollar: UK Q1 GDP printed weaker than market expectations yesterday at 0.8% vs. forecasts for 0.9%. GBP/USD fell to a low of 1.6792 immediately following the data release but found good buying support at this level as the print only just missed expectations (by ...
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UK GDP misses and GBP/USD falls back towards 1.68

29/04/2014 | OzForex

United States Dollar: The giant US pharmaceutical firm Pfizer confirmed its interest in a takeover bid for the British firm AstraZeneca yesterday, the deal said to be worth more than $100 billion. GBP/USD jumped to a high of 1.6855 on the news. It traded close to the 1.6850 for ...
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Markets await UK GDP tomorrow

28/04/2014 | OzForex

United States Dollar: Friday saw more good data from the UK with Retail Sales for March showing 0.1% growth m/m (exp -0.4%). The annual increase from March 2013 was 4.2 % with non-food stores showing the best improvement with an increase of 9.6% from a year earlier. The report ...
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GBP/USD steady ahead of Retail Sales

25/04/2014 | OzForex

United States Dollar: GBP/USD traded close to and either side of the 1.68 figure for much of the morning session yesterday. Come the afternoon it slumped to a low of 1.6766 following the release of stronger than expected US Durable Goods Orders. Orders rose by 2.6% in March vs. ...
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NZD up after RBNZ announce interest rate hike

24/04/2014 | OzForex

United States Dollar: The MPC minutes showed yesterday that the Bank of England had voted to keep rates and QE unchanged earlier in the month. It didn’t’ come as a surprise. GBP/USD pushed higher away from 1.68, a reaction to the upgrade to Q1 2014 growth to 1.0% by ...
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AUD gaps lower

23/04/2014 | OzForex

United States Dollar: GBP/USD pushed higher yesterday as traders returned to work after the long weekend. The pound was still reeling from the positive run of economic data released a week prior, namely the strong employment numbers. Cable traded to a high of 1.6839 but then ...
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GBP/USD trades near multi-year highs

22/04/2014 | OzForex

United States Dollar: Sterling ended last week on a high after it held its gains after the much better than expected UK employment data released on Wednesday. Instead of holding steady at 7.2% like the markets were expecting, UK unemployment dropped to 6.9% prompting cable to ...
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