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Euro and GBP spike as SNB sets minimum EUR/CHF exchange rate target at 1.2000
06/09/2011 |OzForex
:: United States Dollar: Risk was off yesterday and equities were sold aggressively as investors turned their focus to Europe and the state of the debt crisis. Worries deepened as markets were left with little else to turn their attention to at the beginning of the week. It was a public holiday ...
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Risk off on flat US jobs data and German election results
05/09/2011 |OzForex
:: United States Dollar: Risk is off this morning. All major equity markets open lower this morning as investors react to flat jobs data from the US released on Friday and news from over the weekend that the German Chancellor Angela Merkel and her party suffered their fifth election loss this ...
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USD well bid in run up to US non-farm payrolls
02/09/2011 |OzForex
:: United States Dollar: GBP/USD continued to weaken yesterday. UK data hasn't been great this week, including house prices and manufacturing PMI. The latter was released yesterday and although it beat expectations, coming in at 49.0 vs. 48.9, it was still weak. It showed that UK manufacturing ...
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UK house price data weighs on the pound
01/09/2011 |OzForex
:: United States Dollar: The pound remained on the back foot for much of yesterday. After recovering back to 1.6330 in the morning GBP/USD fell back to a low of 1.6230 due to month end USD demand. It opens close to these levels this morning at 1.6235. US ADP employment data, a forerunner to ...
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FOMC minutes focus on growth and interpreted as dovish
31/08/2011 |OzForex
:: United States Dollar: The pound trickled lower vs. the US dollar on Tuesday on heavy month end USD demand. GBP/USD fell to a low 1.6255 as the greenback strengthened across the board. Meanwhile yesterday, figures released showed that UK lending to individuals rose by £0.9 billion in ...
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Steady 24 hour range in GBP/USD ahead of FOMC minutes
30/08/2011 |OzForex
:: United States Dollar: The last 24 hours have been fairly quiet on the FX market amid a lack of data. There has also been a public holiday in several Asian countries as well as in London. With equities volatile on Friday as Bernanke spoke at Jackson Hole, GBP/USD followed suit and as they ...
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Bernanke speech leaves many disappointed
29/08/2011 |OzForex
:: United States Dollar: Sterling has reversed its recent losses against the US Dollar. On the back of poor consumer confidence figures in the UK Thursday, Sterling started Friday’s session on the back foot. The only release in the UK on Friday came in the form of growth figures, ...
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Fed chairman Bernanke unlikely to signal more QE today at Jackson Hole conference
26/08/2011 |OzForex
:: United States Dollar: Sterling continued to lose ground against the greenback on Thursday with cable slipping to an intra-day low of 1.6260 during early New York trading. The pound certainly wasn’t helped by weaker than expected consumer confidence figures which came in at a 3 month ...
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Quiet day likely as investors position themselves ahead of the Bernanke Jackson Hole speech tomorrow
25/08/2011 |OzForex
:: United States Dollar: Sterling was the worst performing major currency against the greenback yesterday, with the GBP/USD pair falling from a late morning high of 1.6534 to an eventual intra-day low of 1.6365. The USD was generally stronger across the board on the day, however its performance ...
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Range bound trading likely to persist as we head into end of week
24/08/2011 |OzForex
:: United States Dollar: The pound remained well supported against the USD yesterday, reaching an intra-day high of 1.6571 during early New York trading before consolidating lower. Interbank selling of the EUR/GBP pair was heavy at times and helped the GBP/USD remain buoyed above ...
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