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GBP/USD recovers after ten consecutive days of losses

08/09/2015 | OzForex

United States Dollar: Cable popped higher overnight despite a lack of any UK or US economic data (it was a public holiday in the US on Monday). It gapped from 1.5180 to 1.5260 as investors took profit on some heavy short GBP positions that have been building over the last 10 ...
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Fall in US unemployment sends dollar higher

07/09/2015 | OzForex

United States Dollar: The Dollar continued its gains through Friday following a larger than expected fall in US employments rates. With no UK data releases in the morning, the pair traded a fairly tight quarter of a cent range ahead of the US numbers. Nonfarm Payrolls for August ...
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Euro sold off as ECB signal they are prepared to do more

04/09/2015 | OzForex

United States Dollar: GBP/USD has continued to lose ground over the last day or so. It fell to a low of 1.5216 overnight. Weaker than expected Services PMI data yesterday didn’t help the pound’s cause; the data showed that services grew at the weakest pace in ...
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Pound lower and directionless ahead of Services PMI

03/09/2015 | OzForex

United States Dollar: The pound trickled lower throughout most of the day yesterday. Not even the mildly positive UK Construction PMI numbers could save the pound as it slipped to a low of 1.5267 vs. the dollar. US economic data wasn’t the greatest either as ADP ...
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GBP/USD opens lower as stock market volatility continues

02/09/2015 | OzForex

United States Dollar: It was a “risk off” session again yesterday as weaker than expected Chinese manufacturing data was followed up by soft US ISM Manufacturing PMI - this reading came in at 51.1 vs. 52.6. The sell-off in equities accelerated and other risk ...
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Risk off again as Chinese data points to further slowdown

01/09/2015 | OzForex

United States Dollar: It was a bank holiday in the UK yesterday and although trading conditions were a bit thinner it didn’t mean that markets were any less volatile. US stocks lost ground again, a reaction in part to some fairly hawkish comments emanating from the ...
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Dollar bounces as US GDP revised up

28/08/2015 | OzForex

United States Dollar: Those hoping for a September rate hike from the Fed got a fillip yesterday as the second estimate of Q2 US GDP was revised upwards from 2.3% to 3.7%. The improved figure was above the 3.2% analysts had pencilled in and cable dropped below 1.54 for the ...
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Chinese stocks recover and dollar rallies

27/08/2015 | OzForex

United States Dollar: The dollar strengthened yesterday as US equity markets recovered and expectations for a September Fed rate hike were pushed back. According to the Fed’s William Dudley yesterday “the decision to begin the normalization process at the ...
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Chinese rate cuts and possible delay to Fed lift-off fuels volatility

26/08/2015 | OzForex

United States Dollar: Unsurprisingly, it was another volatile day yesterday. The People’s Bank of China cut interest rates by 0.25% and relaxed the reserve requirement ratio (RRR) by 50 basis points for most of the big banks, this following a day of further losses in ...
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Wild swings in rates as panic sets in over China and global growth prospects

25/08/2015 | OzForex

United States Dollar: It was a wild day in financial markets yesterday. Stemming from fears over China’s growth prospects, traders turned risk averse and sought out less risky assets. Stock markets around the world were hammered, commodity prices slumped and currency ...
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