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Eurozone and EU Finance Ministers meet today amid growing uncertainty over Spanish aid request

08/10/2012 | OzForex

United States Dollar: US Non-Farm Payrolls was the main event on Friday. The data showed that the US economy added 114,000 workers in September vs. expectations for 114,000. At the same time figures showed that the US unemployment rate in the US fell to 7.8% in September, the ...
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Risk on as ECB stands ready to support Spain

05/10/2012 | OzForex

United States Dollar: As expected the Bank of England left interest rates on hold yesterday at 0.5% and its asset purchase facility unchanged at £375 billion. There was little reaction in GBP/USD and it ticked about close to 1.6120. EUR/USD was then lifted by Mario Draghi ...
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GBP/USD steady in run up to CB decisions and FOMC Minutes today

04/10/2012 | OzForex

United States Dollar: The pound fell to a low of 1.6070 vs. the US dollar yesterday after UK Services PMI came in slightly weaker than forecast. The index fell to 52.2 in September from 53.7 in August showing that growth in the UK service sector had slowed for the first time in ...
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Aussie dollar loses more ground as figures show trade deficit blow out

03/10/2012 | OzForex

United States Dollar: GBP/USD is a touch lower this morning. It was initially pressured lower yesterday following the release of weaker than expected UK construction PMI which showed that the sector contracted in September. The index came in at 49.5 vs. an expected 50.0. The USD ...
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Reserve Bank of Australia cuts rates by 0.25% and AUD is sold off

02/10/2012 | OzForex

United States Dollar: There’s not been a lot of change in GBP/USD over the last 24 hours. It opens at very similar levels to this time yesterday. The pair was initially pressured lower following the release of weaker than expected Manufacturing PMI yesterday morning. The ...
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Risk off this morning as Greece and Spain remain in the headlines

01/10/2012 | OzForex

United States Dollar: The pound opens a little lower vs. the US dollar this morning but still within recent ranges. Risk is generally off in light of ongoing concerns about the European debt crisis as markets failed to take anything from the Spanish budget announcement last ...
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Spanish "Crisis Budget" leads to increased risk sentiment

28/09/2012 | OzForex

United States Dollar: Mixed data releases from the US and the UK combined with Spain outlining its budget for 2013, led to an increase in risk appetite and sent the greenback lower against most of the majors. Cable climbed to 1.6237 rising this morning to a 13 month high of ...
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Spanish budget is next focus for investors amid mass demos in Madrid

27/09/2012 | OzForex

United States Dollar: Steady as she goes for GBP/USD. It opens this morning at 1.6190 after having traded a range of 1.6140/1.6200 during the last 24 hours. All in all it’s been an extremely quiet last 24 hours of trading. The focus for investors has been on Europe and ...
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EUR/USD slides as political uncertainty and austerity protests in Spain weigh on risk

26/09/2012 | OzForex

United States Dollar: GBP/USD is slightly lower this morning and opens at 1.6160 but overall it’s been a steady last 24 hours. Weaker equity prices in New York supported good buying in USD and the currency strengthened late on yesterday against most other major currencies. ...
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Markets steady amid lack of any top tier economic data

25/09/2012 | OzForex

United States Dollar: It’s been a somewhat steady start for cable this week. There was no top tier data released yesterday and GBP/USD has just floated around the 1.6200 big figure for most of the past couple of trading sessions. Risk was off early yesterday morning, on ...
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