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Dollar weakness sparked by supposed Obama comments

09/06/2015 | OzForex

United States Dollar: The dollar dropped across the board on Monday, erasing the post non-farm payroll gains on Friday. According to a French journalist yesterday, US President Obama said that the strong US dollar was a problem and although this comment was later denied by US ...
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US Non-Farms beat forecast

08/06/2015 | OzForex

United States Dollar: Friday saw the latest Non-Farm Payrolls data from the States with another strong result seen. Expectations of a circa 220k increase in employment were smashed as May printed 280k. Cable had been trading at 1.5340 before the release dropped to briefly ...
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EUR/USD volatility continues as Greek debt repayment is delayed

05/06/2015 | OzForex

United States Dollar: Cable rallied yesterday morning as the Greek saga played out. The pair pretty much followed in the shadows of EUR/USD, if perhaps a bit reluctantly. German bunds rallied as investors grew more and more confident that a deal on Greece was imminent ...
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Euro rallies as German bonds snap lower on Mario''s comments

04/06/2015 | OzForex

United States Dollar: GBP/USD fell below 1.53 again on Wednesday morning following the release of weaker than expected UK Services PMI. In fact, the data showed that the UK’s service sector suffered its sharpest decline in close to four years as the index fell to 56.5 ...
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All eyes on Greek bailout talks as deadlines loom

03/06/2015 | OzForex

United States Dollar: Cable followed in the footsteps of EUR/USD yesterday, pushing gradually higher throughout the day. This push continued overnight and the pair traded to a high of 1.5375 early this morning. Investors are increasingly confident that a deal will be struck ...
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Aussie dollar bumps higher as RBA leave interest rates on hold

02/06/2015 | OzForex

United States Dollar: UK manufacturing data printed slightly weaker than market expectations yesterday. The index for May came in at 52.0 vs. expectations for 52.7 and although it only missed slightly it saw the pound come under selling pressure throughout the morning. ...
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US first quarter GDP turns negative

01/06/2015 | OzForex

United States Dollar: The big news on Friday was from the States with the second estimate of Americas first quarter GDP turning negative. Official data showed that the economy shrank by -0.7% from the advanced print of 0.2%. The drop into negative growth was widely expected ...
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Pound finishes the week lower as GDP is revised down

29/05/2015 | OzForex

United States Dollar: Data released yesterday showed that Q1 UK GDP was revised down to 0.3% vs. forecasts for 0.4%. This put the pound on the back foot throughout most of the morning. Throw in prevailing dollar strength – fuelled by better than expected US pending ...
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Aussie dollar slammed on weak private capital expenditure data

28/05/2015 | OzForex

United States Dollar: The dollar continued to strengthen yesterday supported by further bids in USD/JPY which shifted through 124.00. Overall it was a fairly quiet day though amid a lack of any major economic data from the UK or US. The Queen’s speech also failed to ...
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Dollar firms up with markets back in full swing

27/05/2015 | OzForex

United States Dollar: Markets were back in full swing yesterday and the theme of the day was one of dollar strength. This was prompted early on by solid bids in USD/JPY - the pair went on to trade to 8 year highs (through 123.00). Cable slipped back towards 1.54 and then ...
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