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GBP steady ahead of UK manufacturing data

10/02/2015 | OzForex

United States Dollar: It was a fairly quiet day in FX markets on Monday. There weren’t any significant economic data releases and investors took somewhat of a breather following the post non-farm payrolls volatility on Friday. There are still concerns for what lies ...
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Dollar strengthens after solid US jobs report

09/02/2015 | OzForex

United States Dollar: The main market event on Friday was US Non-Farm Payrolls. In advance of the release, GBP/USD made steady gains and traded to a high of 1.5350 at around midday. It then gapped lower following the stronger than expected jobs data at 1:30. The report ...
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Euro bumps higher on reports of SNB intervention

06/02/2015 | OzForex

United States Dollar: EUR/USD bounced back yesterday on the back of rumours that the SNB was buying EUR/USD and USD/CHF in an attempt to weaken the value of the Swiss franc. GBP/USD was dragged higher by EUR/USD, steadily rising from 1.5195 to a high of 1.5341 over the day. ...
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Euro slides as ECB revoke waiver on Greek government debt being used as collateral

05/02/2015 | OzForex

United States Dollar: UK services PMI for January printed stronger than expected yesterday morning. The purchasing managers’ index rose to 57.2 in January, up from a 17 month low of 55.8 in December and beating forecasts for 56.6. GBP/USD made steady gains on the back ...
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Dollar weakens as investors lock in profits

04/02/2015 | OzForex

United States Dollar: The dollar was sold off yesterday and gave up quite a lot of its gains from the previous few weeks. There was no particular fundamental catalyst for the move. Moreover, a few technical levels were tripped in EUR/USD which sparked a splurge of short ...
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RBA rate cut sends Aussie lower

03/02/2015 | OzForex

United States Dollar: It was a solid start to the week for the pound as the monthly Manufacturing PMI slightly beat expectations yesterday printing 53.0 slightly up from last month’s 52.7 and better than the 52.9 forecast. The report cited the sector had benefitted from ...
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Attention turns to RBA announcement as rate cut looms

02/02/2015 | OzForex

United States Dollar: GBP/USD fell steadily throughout the day on Friday, bottoming out at 1.4992. There wasn’t much by way of top tier UK economic data released on the day although weaker than expected ‘net lending to individuals’ didn’t help the ...
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Commodity currencies spiral lower as speculation for CB rate cuts intensifies

30/01/2015 | OzForex

United States Dollar: The greenback strengthened yesterday and cable fell back under 1.51 to a low of 1.5034. Better than expected US Unemployment Claims supported the move. The data showed that claims decreased by 43,000 from the previous weeks revised level. The dust is ...
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FOMC language changes but statement ultimately fails to surprise

29/01/2015 | OzForex

United States Dollar: GBP/USD ticked higher yesterday morning and traded to a high of 1.5219. Investors were busily re-positioning ahead of the FOMC announcement that evening and as the afternoon passed GBP/USD eventually settled lower. Before the main event, attention was ...
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New Greek cabinet announced as Eurozone CPI data comes into focus

28/01/2015 | OzForex

United States Dollar: The first estimate of UK Q4 GDP was released yesterday with both the quarterly and annual figures both undershooting what the markets were expecting. The quarterly reading printed 0.5% a little lower than the 0.6% consensus with 2014s annual reading ...
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