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Spain continues to be the thorn in the euro''s side

30/05/2012 |OzForex

United States Dollar: The negative news flow surrounding the European Central Bank’s opposition to Spain’s proposed bailout of the beleaguered Bankia group helped the USD index, a measure of the performance of the US currency against a basket of its major ...
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Concerns surrounding the state of Spanish banking system pressure EUR lower

29/05/2012 |OzForex

United States Dollar: The FX market was pretty quiet yesterday with most US traders away from their desks in observance of the Memorial Day holiday. The USD retained a mildly safe-haven bid as concerns surrounding the solvency of the Spanish banking system remained in focus and ...
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EUR opens firmer but Greek uncertainty is likely to weigh heavily this week

28/05/2012 |OzForex

United States Dollar: Friday capped off the fourth consecutive week of losses for GBP/USD, the longest streak of declines for the pair since September last year with investors continuing to favour the safe-haven USD over any of its European counterparts on the back of growing ...
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GBP lower as concerns mount over UK economic contraction

25/05/2012 |OzForex

United States Dollar: News that the UK’s recent return to recession was deeper than originally thought pushed GBP/USD to a two-month low of 1.5637 yesterday as UK Q1 GDP was revised down to -0.3% from -0.2% published in April, with the Office for National Statistics ...
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EUR remains under pressure as EU summit disappoints investors

24/05/2012 |OzForex

United States Dollar: Investor’s continued flight to safety and weaker than expected UK economic data drove sterling to a two-month low against the US dollar on Wednesday as market focus remained fixed on events in Europe. Yesterday we saw UK April retail sales come in at ...
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GBP lower this morning as retail sales disappoint

23/05/2012 |OzForex

United States Dollar: Sterling suffered under the weight of weaker than expected economic data yesterday as CPI numbers showed that UK inflation fell to 3.0% in April from 3.5% the previous month, its lowest levels since November 2009, thereby increasing the likelihood that the ...
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GBP falls back on moderating inflationary pressures

22/05/2012 |OzForex

United States Dollar: With no significant economic releases from either the UK or the US on Monday the GBP/USD pair traded in a narrow 1.5778/1.5841 range, continuing to take direction from wider risk sentiment. Buying in the EUR/GBP pair pushed cable to its lows below 1.5800 ...
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EUR off lows but European uncertainty looks set to continue this week

21/05/2012 |OzForex

United States Dollar: Widespread risk aversion drove sterling to a 2-month low of 1.5732 against the US dollar on Friday, capping off three consecutive weeks of declines in cable as investors continued to seek out safe haven assets amidst the ongoing turmoil in Europe. USD ...
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USD remains safe haven of choice amidst European uncertainty

18/05/2012 |OzForex

United States Dollar: Sterling tumbled to a 1-1/2 month low of 1.5788 against the USD on Thursday as investors continued to sell the UK currency on fears that more quantitative easing might be needed to prop up the British economy after the Bank of England cut its 2012 growth ...
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GBP falls back as Bank of England cuts UK growth forecasts

17/05/2012 |OzForex

United States Dollar: GBP/USD sold off to a low of to a four week low of 1.5889 in the wake of the more dovish than expected Bank of England Inflation Report yesterday as the central bank governor Mervyn King noted that the UK recovery is likely to be slow and uncertain, with ...
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