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Mario Draghi warns of geopolitical risks to the Eurozone

08/08/2014 | OzForex

United States Dollar: The Bank of England held rates as expected at 0.5% yesterday. The minutes of the meeting are being released on 20th August and there is growing speculation that Martin Weale and/or Ian McCafferty may be the first MPC members to vote for a rate rise. In ...
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AUD falls following jump in Australian unemployment

07/08/2014 | OzForex

United States Dollar: Sterling fell yesterday as the latest UK Manufacturing Production reading printed worse than forecast. The release showed a sluggish 0.3% increase for June, half the 0.6% rise the markets were forecasting. GBP/USD which had been trading around 1.6865 at ...
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Pound Strengthens after strongest Services PMI since December

06/08/2014 | OzForex

United States Dollar: Sterling got a boost yesterday after the monthly UK Services PMI beat expectations with a reading for July of 59.1 its highest reading of the year so far. With markets expecting a reading of around 58.1 the release saw cable rise from 1.6850 to 1.6888 and ...
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Pound pops higher on solid construction data

05/08/2014 | OzForex

United States Dollar: UK Construction PMI, released yesterday, printed pretty much in line with market expectations at 62.4. Nonetheless it showed that house building in July accelerated at its fastest rate since November 2003 and the news provided mild support to the pound. ...
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GBP/USD on the back foot despite weak US jobs numbers

04/08/2014 | OzForex

United States Dollar: The pound dropped on Friday after UK Manufacturing PMI printed weaker than expected. The index fell to 55.4 in July from 57.2 in June and vs. forecasts for 57.2, its slowest pace in a year. GBP/USD traded to a low of 1.6717 on the news. It remained ...
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Dollar stronger ahead of Non-Farm Payrolls

01/08/2014 | OzForex

United States Dollar: After a bit of a blip post FOMC statement the USD has strengthened again. There wasn’t much by way of any supporting U.S. economic data yesterday. In fact, Chicago PMI printed weaker than forecasts but despite this GBP/USD fell to a low of 1.6858. ...
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FOMC statement disappoints but US GDP doesn''t

31/07/2014 | OzForex

United States Dollar: It was a risk off morning yesterday. The dollar strengthened and GBP/USD meandered lower as investors keenly awaited a plethora of data and market moving events from the States. US ADP Non-Farm Employment Change was first up and printed weaker than ...
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GBP/USD under pressure ahead of a busy day for US news and data

30/07/2014 | OzForex

United States Dollar: The pound fell on Tuesday after UK consumer credit data printed weaker than expected. Mortgage approvals, released at the same time, were a little better than expected, but the news was shrugged off as investors sold GBP vs. both the USD and EUR. Month ...
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FX markets steady ahead of US FOMC statement

29/07/2014 | OzForex

United States Dollar: It was another slow start to the week this week. GBP/USD started the day at 1.6980 and popped to a high of 1.6999 as the dollar softened throughout the day. The weak set of U.S. pending home sales data weighed on the dollar, with the index declining ...
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USD strengthens as risk aversion spreads through markets

28/07/2014 | OzForex

United States Dollar: GBP/USD has consolidated under the 1.70 level since Friday. The pound got a slight boost on the day after UK GDP data printed in line with market expectations. Although it didn’t come as a surprise it confirms that the UK economy has recovered all ...
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