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Its all about the ECB today as the Kiwi takes a tumble

10/03/2016 | OzForex

United States Dollar: The US Dollar had a rather flat day yesterday as all eyes are on today’s announcement from the ECB. Later in the afternoon we did see the release of wholesale inventories, it rose by 0.3% in January, increasing by the highest level since last June ...
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Brexit talk causes Sterling to weaken

09/03/2016 | OzForex

United States Dollar: The Dollar proceeded with caution during yesterday’s session ahead of Thursdays critical ECB Governing Council Meeting. With little in the way of solid data the greenback was still influenced by Monday’s events. The Dovish comments from the ...
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Will Carney Cause Carnage for Sterling?

08/03/2016 | OzForex

United States Dollar: We opened the week with Friday’s employment data still ringing in the ears of investors. Although it has lent some support to the Greenback the weak wage numbers have raised the question on whether the dollar can adopt another rate rise and what ...
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Dollar declines on Average Hourly Earnings

07/03/2016 | OzForex

United States Dollar: On Friday we saw the dollar move lower coming off the back of some positive employment data. The US economy added 242,000 jobs in February, exceeding expectations for a 190,000 rise. The unemployment rate remained stable at 4.9%. What would appear to be ...
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Greenback lower ahead of today’s Nonfarm Payrolls

04/03/2016 | OzForex

United States Dollar: GBP/USD continued its gains through yesterday as below par US data weighed on the greenback. The day started with the pair holding around the 1.4075 mark but briefly fell to 1.4055 following Market Services PMI (Feb) printing a reading of 52.7 vs 55.1. ...
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AUD rise on better than expected GDP

03/03/2016 | OzForex

United States Dollar: GBP/USD rose heavily yesterday, gaining over 160 pips through yesterday and overnight trading. Starting the day around the 1.3960 mark, cable initially fell to 1.3919 as UK construction PMI for February posted a below par reading of 54.2, the lowest ...
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Mixed trading ahead of EU PPI and US prelim Non-farm Payrolls

02/03/2016 | OzForex

United States Dollar: GBP/USD experienced a choppy day yesterday briefly tipping 1.40 before tailing away. Cable started the day around the 1.3950 and quickly rose to an intraday high of 1.4018, despite UK Markit Manufacturing PMI for February posting a reading of 50.8 vs ...
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Euro lower following fall in Feb CPI

01/03/2016 | OzForex

United States Dollar: GBP/USD rose through yesterday as weak US pending home sales and Chicago purchasing managers index weighed on the dollar. Cable started the day around the 1.3870 mark and gradually shaved off a quarter of a cent through the mornings trading. This was ...
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Preliminary US GDP sends the dollar higher

29/02/2016 | OzForex

United States Dollar: A surprise increase in preliminary US GDP for the fourth quarter sent the dollar higher on Friday. During morning trading Sterling had been making a small recovery, moving above the 1.40 level and hitting an intraday high of 1.4039, however, an increase ...
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Aussie and Kiwi higher as commodities rally

26/02/2016 | OzForex

United States Dollar: The pound has staged a fightback over the past 24 hours after taking a pummelling due to Brexit worries at the start of the week. Boris Johnson’s decision to side with the leave camp on Sunday saw sterling plummet in the first half of the week as ...
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