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USD broadly stronger following Fed decision to taper

19/12/2013 | OzForex

United States Dollar: The Fed announced a tapering of its QE programme last night, taking its monthly asset purchases from $85bn to $75bn. Fed Chairman Ben Bernanke acknowledged that the US jobs market and economic conditions had improved enough to warrant a small slowdown of ...
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Markets cautious ahead of Fed decision on tapering

18/12/2013 | OzForex

United States Dollar: The pound drifted lower vs. the USD yesterday following the release of softer than expected UK inflation data. CPI in November rose 2.1% from a year earlier, lower than forecasts for a 2.2% rise and closer to the Bank of England’s target of 2%. The ...
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FX markets steady ahead of FOMC

17/12/2013 | OzForex

United States Dollar: FX markets have been relatively quiet as investors await the outcome of the FOMC meeting tomorrow night. GBP/USD slipped under 1.63 overnight to a low of 1.6290 but has made steady gains since to open this morning’s London session at 1.6320. There was ...
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All eyes on Fed this week for possible taper

16/12/2013 | OzForex

United States Dollar: GBP/USD traded steadily again on Friday amid a lack of any major economic data releases. It fell below 1.63 on Friday morning as taper expectations continued to build. Equities have come under early selling pressure too this morning in advance of the much ...
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Aussie dollar breaks down following RBA Governor''s comments

13/12/2013 | OzForex

United States Dollar: It’s been a steady week for the pound. It opens against the US dollar this morning towards the lower end of its recent range at 1.6340. The USD is stronger across the board, more so vs. the commodity block following the release of positive retail ...
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Strange goings-on as euro rises and aussie falls after strong jobs data

12/12/2013 | OzForex

United States Dollar: GBP/USD has drifted a little lower over the last 24 hours. It started the day yesterday at 1.6435 and fell to a low of 1.6340 come the afternoon. The USD strengthened mildly as it seems that a US budget deal, announced on Tuesday, makes it more likely that ...
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USD weakens despite successful US budget negotiations

11/12/2013 | OzForex

United States Dollar: GBP/USD remains well bid above 1.64. It traded to a high of 1.6456 overnight and opens this morning at 1.6430. The USD is broadly weaker despite growing expectations for the Fed to announce a small tapering to its QE program at next week’s FOMC ...
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Dectaper odds increase on back of Bullard comments

10/12/2013 | OzForex

United States Dollar: All eyes were focussed on policy makers speaking in America yesterday. First off we had BoE Governor, Mark Carney, talking at the Economic Club in New York. In a Q and A session after his speech he continued to support the new forward guidance that he has ...
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Markets Prepare for Carneys New York Speech

09/12/2013 | OzForex

United States Dollar: Friday saw the release of the much-anticipated non-farm-payrolls for November with a reading of 203k beating estimates of around 180k. Cable immediately dropped from 1.6345 to 1.6290 as the markets had a knee jerk reaction to the better than expected ...
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Markets look to non-farms for sign of possible ''Dectaper

06/12/2013 | OzForex

United States Dollar: GBP/USD fell from 1.64 yesterday to a low of 1.63 on Thursday. It was due to a variety of factors including heavy EUR/GBP buying, this following the ECB monetary policy statement and accompanying statement (more on this below). On this side of the Channel ...
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