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GBP/USD hits fresh 3-month highs as dovish FOMC minutes sink the USD

23/08/2012 | OzForex

United States Dollar: The FX market sprang into action during late afternoon trading on Wednesday as the surprisingly dovish FOMC minutes saw the USD sold off against most of its major counterparts. The line “many members judged that additional monetary accommodation would ...
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Euro bounces on renewed ECB bond-buying hopes

22/08/2012 | OzForex

United States Dollar: Despite weak UK public sector finance data and a soft CBI industrial trends survey GBP/USD rose to a 3-month high of 1.5804 yesterday. The catalyst for the move higher in cable was a rampant EUR/USD pair, with the single currency rallying hard on the back ...
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Investors await another quiet day of trading in FX

21/08/2012 | OzForex

United States Dollar: It was another quiet day of trading in the FX market on Monday with GBP/USD confined to a narrow 1.5685/1.5717 range. There was no economic data released from the UK on the day, so sterling took its cue from Eurozone related news and general market ...
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Range bound moves likely to persist in FX today

20/08/2012 | OzForex

United States Dollar: It was another range bound session for GBP/USD on Friday, with the pair trading between 1.5675-1.5727 as yet another fairly subdued day prevailed in the FX market. Tier 1 economic data was lacking from both the US and the UK on the day, although strong US ...
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Euro finishes the week strong as risk sentiment improves in thin trade

17/08/2012 | OzForex

United States Dollar: Cable was sold off as the Asian session finished yesterday morning with investors awaiting the release of UK Retail Sales data. The number then came in better than expected rising 0.3% in July vs. 0.0% forecast. GBP/USD gapped to 1.5710 on the news and then ...
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Trade weighted GBP hits 2-week high on strong UK jobs data

16/08/2012 | OzForex

United States Dollar: Sterling received a temporary boost higher against the US dollar yesterday as better than expected UK unemployment figures combined with a set of Bank of England policy meeting minutes which made no reference to the possibility of an interest rate cut saw ...
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Market awaits Bank of England minutes

15/08/2012 | OzForex

United States Dollar: Data showing that British inflation levels posted an expected increase in July pushed sterling to a two-week high versus the USD on Tuesday, with cable trading to 1.5730 from around 1.5700 prior to the release. The gains for GBP/USD weren't to last however ...
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UK inflation numbers to set the tone for GBP today

14/08/2012 | OzForex

United States Dollar: Cable managed to trade to a two-week high of 1.5717 yesterday, aided by a marginally weaker USD as investors sold the greenback on expectations that the European Central Bank may soon take firm action to cap lofty Italian and Spanish sovereign bond yields. ...
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Quiet start to the week in prospect amid a lack of economic data

13/08/2012 | OzForex

United States Dollar: Risk demand faded on Friday and GBP/USD lingered around the 1.5600 big figure for much of the day. UK PPI numbers released on Friday also failed to have an impact, coming in much as expected. No significant US data was released on the day either. Risk ...
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Weaker than expected Chinese trade numbers weigh on risk sentiment

10/08/2012 | OzForex

United States Dollar: GBP/USD was pressured lower yesterday falling from 1.5680 to 1.5610. UK trade balance numbers were released that morning and showed the country’s deficit had widened to a record level in the second quarter, increasing to £28.3 billion from ...
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