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Dollar index closes in on ten year highs

09/01/2015 | OzForex

United States Dollar: The greenback has continued to strengthen and the dollar index is trading at close to 10 year highs. GBP/USD fell to a low of 1.5034 yesterday as the pound felt the wrath of heavy demand for the buck. The pound is also suffering as but as a result of a ...
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Dollar remains strong in wake of latest FOMC minutes

08/01/2015 | OzForex

United States Dollar: The theme in currency markets on Wednesday was one of dollar strength. GBP/USD started the day at 1.5150 but gradually lost ground throughout the morning. These losses accelerated following the release of better than expected U.S. ADP Non-Farm ...
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Dollar broadly firmer ahead of FOMC minutes

07/01/2015 | OzForex

United States Dollar: The pound fell again on Tuesday following the release of weaker than expected UK Services PMI. The index printed at 55.8 vs. 58.9 showing that the services sector grew at its slowest pace in nineteen months in December. Meanwhile, the Bank of England ...
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Euro falls to nine year lows vs. the dollar

06/01/2015 | OzForex

United States Dollar: GBP/USD remains on the back foot this morning having been dragged lower by the sell-off in EUR/USD since the start of the week. It dropped to a low of 1.5202 yesterday afternoon, whilst the pound was also pressured lower by the release of weaker than ...
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Euro lower as QE expectations grow

05/01/2015 | OzForex

United States Dollar: The dollar has started the first trading week proper of 2015 on a high note having made significant gains against across the board over most of its trading peers. Cable currently trades at an 18 month low of 1.53 and was briefly as low as 1.52 in the ...
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Euro ends 2014 near multi-year lows

31/12/2014 | OzForex

United States Dollar: It’s been a quiet 24 hours in the currency markets with thin trading due to the Christmas/New Year holidays. Cable has traded between 1.55 and 1.5575 over the past day and currently sits at 1.5560. Yesterday saw the Nationwide House Price Index show ...
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Greek parliament vote in focus

29/12/2014 | OzForex

United States Dollar: With thin trading conditions due to the Christmas holidays there has been little movement in most crosses since Christmas Eve. Cable has traded between 1.5505 and 1.5585 and currently sits at 1.5565. The Greenback remains well bid after the strong final ...
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Dollar strengthens again after US GDP is revised higher

24/12/2014 | OzForex

United States Dollar: GBP weakened yesterday, largely in response to GDP figures being revised lower and UK current account data printing wider than expected. The final GDP reading showed that the economy grew by 0.7% in the third quarter whilst the current account widened in ...
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EUR/USD breaks lower on QE rumours

23/12/2014 | OzForex

United States Dollar: The pound continued its descent vs. the dollar yesterday falling to a low of 1.5575 overnight. It was dragged lower by the sell-off in EUR/USD which broke down through stops under 1.2250. There wasn’t any data released yesterday worth making ...
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Dollar strengthens as market conditions start to thin out

22/12/2014 | OzForex

United States Dollar: GBP started the day on Friday on a positive note, responding well to better than expected UK public sector borrowing data and CBI Realised Sales. The dollar then started to strengthen throughout much of the rest of the session, this despite a lack of any ...
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