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Greenback knocked lower as retail sales data dissapoints

15/04/2015 | OzForex

United States Dollar: Data released yesterday showed that UK CPI remained unchanged at 0% y/y. However the core reading unexpectedly dropped from 1.2% to 1%. Sterling was sold off on the back of the release as the report showed the first Feb-March fall in prices of clothing ...
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Markets await UK inflation data

14/04/2015 | OzForex

United States Dollar: The markets will be looking to this morning’s Inflation data from the UK for the first possible dip into negative territory since 1960. CPI currently sits at 0.0% and should it go negative then expect to see GBP/USD drop towards the five year low of ...
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AUD and NZD knocked lower as Chinese trade data disappoints

13/04/2015 | OzForex

United States Dollar: GBP/USD fell again on Friday. It dropped below 1.46 as UK Industrial Production data for February printed weaker than expected, rising only 0.1% vs. forecasts for 0.3%. Election jitters also contributed to the move lower and these jitters continue to ...
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Dollar continues to strengthen post FOMC minutes

10/04/2015 | OzForex

United States Dollar: GBP/USD has fallen throughout the last 24 hours. It was knocked lower early on Thursday morning following the release of weaker than expected UK trade data. This data showed that Britain’s trade deficit widened to a seven month high in February to ...
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Dollar firmer as FOMC minutes show an even split over lift off

09/04/2015 | OzForex

United States Dollar: GBP/USD popped higher yesterday as news hit the headlines that Royal Dutch Shell said that it had agreed to buy BG Group - the UK’s third largest energy company - in a deal said to be worth £47 billion. Cable traded to a high of 1.4965, ...
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UK Services PMI beats forecast

08/04/2015 | OzForex

United States Dollar: There was good news from the UK yesterday as the monthly Markit/CIPS UK Services PMI posted the best reading since September last year coming in at 58.9. The figure was up from Februarys 56.7 and stronger than the expected 57.1. The survey predicts 2015 ...
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Aussie dollar gaps higher as RBA leave interest rates on hold

07/04/2015 | OzForex

United States Dollar: Most of the major markets have been out of action since close of business Thursday for the Easter break. US markets were not however and US Non-farm payrolls were released on Friday. The number was shockingly bad showing that payrolls increased by only ...
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Euro drops on Grexit fears

31/03/2015 | OzForex

United States Dollar: Risk-aversion saw the dollar gain across the board yesterday with cable dropping below 1.48 on the back of ongoing concerns about a possible Greek exit from the Eurozone. The dollar will likely to remain well bid as the current impasse rumbles on. ...
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US GDP misses forecast

30/03/2015 | OzForex

United States Dollar: Friday saw the final estimate of Q4 GDP from the States print 2.2% growth. The reading fell just short of the 2.4% expected however market reaction was fairly muted with cable barely moving in the immediate aftermath. The release showed business ...
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Markets Await US GDP Data

27/03/2015 | OzForex

United States Dollar: The pound was buoyed yesterday as monthly Retail Sales data beat forecast to show 0.7% growth for February. The report was the 23rd in succession showing year on year growth, the longest run since 2008. It also confirmed prices in stores had fallen for ...
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