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Sterling down on poor jobs data and lower ahead of retail sales release...

18/04/2013 | OzForex

United States Dollar: Sterling battled through the BoE minutes yesterday, but poor jobs data led the charge that saw the currency sold-off against most majors. Cable fell 1%, but held above 1.520 and retraced marginally through the afternoon.  EURUSD fell towards ...
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BOE members vote to continue QE, All eyes on FED''s Beige Book

17/04/2013 | OzForex

United States Dollar: Risk appetite took a hit in the wake of the Boston bombings with USD gaining nearly half a cent against GBP during morning trading. Year on year Consumer price index figures for the UK came in as expected at 2.8% while US figures posted 0.5% below ...
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Risk off after Boston Bombings, Consumer Price Index in Focus

16/04/2013 | OzForex

United States Dollar: A quiet day for GBP/USD yesterday after china posted overnight figures which indicated a slowdown in their GDP and industrial production. Markets mainly adjusted before the start of European trading hours however a gradual fall in Sterling was seen ...
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Risk appetite lower as China posts unexpected slowdown

15/04/2013 | OzForex

United States Dollar: Dollar profit taking continued through Friday’s trading sessions until US retail sales came in at a disappointing -0.4% and the Reuters / Michigan consumer sentiment index came in below predicted levels. Starting at 1.5375, GBP/USD fell over the first ...
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Strengthening commodity currencies fuel dollar sell-off

12/04/2013 | OzForex

United States Dollar: Yesterday was quite a poor day for the greenback as the dollar sell off reached a peak against its major currency pairs. Markets seem to have digested the numerous Federal Reserve member speeches, Chinese trade balance data and Bank of Japan’s ...
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USD Sell-off gathers pace

11/04/2013 | OzForex

United States Dollar: Consolidation was the word of the day yesterday as GBP/USD trading a flat range above the 1.53 level. Data was light on the ground for sterling so markets waited for the FOMC meeting minutes to be released before reacting. These were expected at after ...
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UK Manufacturing supports Cable above 1.53

10/04/2013 | OzForex

United States Dollar: Yesterday morning’s better than expected UK Industrial and Manufacturing production data pushed sterling dollar higher throughout yesterday’s trading. Industrial production showed a contraction of -2.2%, 0.5% better than expected, while ...
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GBP/USD up above 1.53 on weak US sentiment

09/04/2013 | OzForex

United States Dollar: Yesterday saw a quiet day in terms of data releases for the greenback however that did not stop the dollar being sold off for most of the day. Sterling gained from a starting point of 1.52 and peaked up to 1.5350, the highest it has been for nearly 7 weeks. ...
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Portugal's constitutional crises reignites Europes woes...

08/04/2013 | OzForex

United States Dollar Already on the back foot after a string of weaker than expected economic data releases, the dollar succumbed after very weak Non-Farm Payroll (NFP) figure on Friday, which sent EURUSD rallying over 1.30 and cable testing 1.5360. The ...
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GBP and EUR react positively to lack of action from central banks

05/04/2013 | OzForex

United States Dollar: GBP/USD started the day yesterday on the back foot as investors were cautious ahead of the Bank of England monetary policy announcement. Cable didn’t really react to better than expected UK services PMI released earlier in the morning; the index rose ...
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