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Euro tumbles following release of weak inflation and employment data

01/11/2013 | OzForex

United States Dollar: GBP/USD continues to find support at 1.60. The range has been fairly muted following the FOMC statement on Wednesday and there hasn’t been much economic data since for markets to focus on. That said Chicago PMI released yesterday afternoon printed ...
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USD strengthens as FOMC removes reference to "tighter financial conditions"

31/10/2013 | OzForex

United States Dollar: The FOMC didn’t surprise markets too much last night and opted to leave interest rates and the rate of QE unchanged. The statement did not change too much from September’s statement either. They did however drop reference to tighter financial ...
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Euro holds firm in run up to FOMC and busy calendar today

30/10/2013 | OzForex

United States Dollar: Risk sentiment has improved during the last 24 hours, this as the run of weak and recent US economic data leads markets to increasingly pare back expectations for Fed tapering. It means that the US central bank is likely to continue down its easing path. ...
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RBA governor Stevens talks down the Aussie dollar

29/10/2013 | OzForex

United States Dollar: It was a quiet start on the currency markets yesterday. GBP/USD spent most of the London session trading just shy of the 1.62 US cent level. It did briefly break it, trading to a high of 1.6205. The USD has strengthened overnight though; the move prompted ...
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Steady start to the week after GDP comes in as expected on Friday

28/10/2013 | OzForex

United States Dollar: UK GDP printed as expected on Friday. Q3 GDP came in at 0.8%, growing at its fastest pace in three years. There was some concern that the numbers would come in below market forecasts and so we saw a mild relief rally in GBP/USD above 1.62 immediately ...
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GBP/USD back above 1.62 as GDP numbers are released

25/10/2013 | OzForex

United States Dollar: GBP/USD is back above 1.62 this morning. It was a fairly lacklustre day yesterday – US data by way of trade data, unemployment claims and Flash Manufacturing PMI was mixed, though close to market expectations. Carney then spoke at FTs headquarters but ...
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Risk back on this morning after Chinese data beats expectations

24/10/2013 | OzForex

United States Dollar: GBP/USD broke back through 1.62 overnight and traded to a high of 1.6221. Risk appetite is fickle in prevailing market conditions, it being fuelled overnight by better than expected Chinese HSBC Flash Manufacturing PMI which printed at 50.9 vs. expectations ...
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Risk off as Chinese banks write off bad debt

23/10/2013 | OzForex

United States Dollar: It was a steady start yesterday as investors traded cautiously in advance of the delayed US September US non-payrolls. The jobs numbers (pre-government shutdown numbers) printed weaker than expected showing that 148,000 workers joined the labour force last ...
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Quiet ranges ensue as investors look to delayed US jobs data

22/10/2013 | OzForex

United States Dollar: Not a lot has happened over the last 24 hours. The US dollar is slightly stronger and GBP/USD slipped to a low of 1.6117 earlier on this morning. It sits just off this level currently having found good bids close to the 1.61 big figure. There’s been ...
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Markets take a breather but US non-farm payrolls just around the corner

21/10/2013 | OzForex

United States Dollar: The US dollar has strengthened a little since Friday. GBP/USD spiked to 1.6220 on the day but didn’t manage a convincing break above 1.62 and opens this morning at 1.6180. After a deal was put together on Wednesday to fund the US government through ...
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