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UK retail sales increase and EU summit begins in Brussels

18/10/2012 | OzForex

Strong jobs data yesterday and better than expected retail sales from the UK this morning have helped to give the Pound a boost against the USD, supporting its recent move above 1.61
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Euro surges as Moody''s maintains Spain’s credit rating

17/10/2012 | OzForex

The Euro was higher against 14 of its 16 major peers yesterday following the announcement from Moody’s and the continued speculation of good news surrounding Spain’s bailout request.
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Risk appetite returns on positive US data and anticipation of Spanish bailout

16/10/2012 | OzForex

Optimism returned to the markets on Tuesday morning with the US Dollar opening weaker against the Euro and GBP following strong US retail sales on Monday and growing anticipation that Spain will request a formal bailout soon.
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Markets search for direction amidst muted recovery prospects

15/10/2012 | OzForex

Hopes of global recovery, fuelled last week by better than expected US jobs data, have been tempered by forecasts of a lacklustre third quarter earnings season that has seen the Dow Jones Industrial Average fall 2.1 precent in the last week.
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Risk on following strong US jobless data

12/10/2012 | OzForex

United States Dollar Marginal risk appetite returned to the markets yesterday boosted by a strong US jobless figure. The USD weakened as investors sought higher yielding assets and reversed gains posted earlier in the week. Despite the Dollar positioning itself for ...
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S&P downgrade Spain to near junk status

11/10/2012 | OzForex

Credit ratings agency Standard & Poor’s cut Spain’s credit rating from BBB+ to BBB- one level above junk status.
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GBP weaker as trade deficit widens

10/10/2012 | OzForex

The pound has come under selling pressure in the last 24 hours. It started yesterday morning following the release of weaker than expected UK economic data
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Draghi''s comments weighing on EUR/USD currently and it threatens a break below 1.2900

09/10/2012 | OzForex

United States Dollar: GBP/USD is trading towards the lower end of its most recent range and opens this morning at 1.6010. It broke support at 1.6100 early yesterday and has continued to drift lower in what has been quiet trade, with it being a North American public holiday ...
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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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