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Calm prevails after the FOMC storm

18/12/2015 | OzForex

United States Dollar: GBP/USD spiked on better than expected UK Retail Sales data yesterday. It was only a spike mind as dollar bidders took charge and drove the USD higher across the board following the Fed’s decision to hike interest rates earlier in the week. ...
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Markets soar as Federal Reserve hikes rates for first time since 2006

17/12/2015 | OzForex

United States Dollar: Yesterday evening saw the first interest rate hike from the US Federal in over nine years with the benchmark funding rate being raised from >0.25% to >0.5%. The move was widely expected from the financial markets and well received too. The Feds last ...
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Dollar bids gather momentum as investors look to crucial Fed announcement

16/12/2015 | OzForex

United States Dollar: GBP/USD was steady throughout most of the morning session yesterday. UK inflation data printed as expected yesterday at 0.1% y/y for November. It was supportive of the pair to the point that CPI edged back above zero for the first time in four months. ...
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Euro rallies as markets wobble ahead of Fed decision

15/12/2015 | OzForex

United States Dollar: The pound fell yesterday as markets positioned themselves for tomorrow evenings Fed rate announcement from the States. It looks like a done deal that we will see the FOMC announce a 25bp increase in the benchmark Federal Funds Rate and as a result we saw ...
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Busy week ahead as Fed expected to hike interest rates for first time since 2006

14/12/2015 | OzForex

United States Dollar: The pound had a good day on Friday. It took advantage of a weak US dollar during the early New York session and continued to push higher in to the end of the day. Better than expected Core Retail Sales from the US – printing at 0.4% vs. ...
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Dollar recovers mildly as investors eye US retail sales data

11/12/2015 | OzForex

United States Dollar: The pound wobbled a bit yesterday following the Bank of England’s monetary policy announcement and release of MPC minutes. As expected the central bank left interest rates on hold but pointed out that the price of oil had “fallen markedly ...
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Aussie rises as unemployment drops

10/12/2015 | OzForex

United States Dollar: The pound had a generally good day yesterday. It continued its recovery from the sub 1.50 level and pushed on through 1.51, reaching a high of 1.5195 in Asia. There wasn’t any data behind the move and it came mostly a result of a few technical ...
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Pressures on mining, energy and oil keep commodity currencies on defensive

09/12/2015 | OzForex

United States Dollar: It was one way traffic for the pound yesterday. Weaker than expected UK manufacturing production data saw it off to a bad start as output was shown to have fallen by 0.4% in October vs. forecasts for a decline of 0.1%. Better than expected Industrial ...
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Sterling lower as October UK Manfacturing output falls

08/12/2015 | OzForex

United States Dollar: A relatively quiet day of trading yesterday as GBP/USD held a half cent range between 1.51 and 1.5050. Bank of England Governor, Mark Carney, gave no relevant market quotes in yesterday’s speech to the EU parliament committee so markets are now ...
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US jobs data gives a green light to Fed lift-off

07/12/2015 | OzForex

United States Dollar: It was a cautious start to proceedings on Friday morning as investors eyed US Non-Farm Payrolls that afternoon. The data came in stronger than market expectations at 211k vs. 201k and so acted as a green light for a Fed rate hike next week. The dollar ...
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