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Euro steadies as ECB announcement nears

21/10/2015 | OzForex

United States Dollar: The dollar is a bit stronger vs. the pound this morning. In fact, the dollar is mildly higher across the board this morning, helped along by slightly stronger than expected NAHB Housing data yesterday. Comments by BoE Governor Carney meanwhile had ...
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Euro falls as speculation builds for QE extension

20/10/2015 | OzForex

United States Dollar: It was another quiet’ish day for the pound yesterday. Healthy selling in EUR/GBP was supportive of GBP/USD and the pair came close to breaking 1.55 during the morning session. In other news yesterday it was announced that Justin Trudeau from the ...
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Ranges narrow amid a lack of top tier data

19/10/2015 | OzForex

United States Dollar: Speaking on Friday the Bank of England’s Kristin Forbes said: “despite the doom and gloom sentiment, the news on the international economy has not caused me to adjust my prior expectations that the next move in UK interest rates will be up and ...
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Pound climbs following mixed US data and hints to further ECB easing

16/10/2015 | OzForex

United States Dollar: The main event yesterday was US CPI. The Labor Department data showed that it fell 0.2% last month, in line with market expectations. The core CPI (excluding food and energy) rose 0.2% vs. expectations for 0.1%. Unemployment Claims, released at the ...
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Deflation death knell tolls for the dollar

15/10/2015 | OzForex

United States Dollar: UK wages data printed a little weaker than expected yesterday morning at 3.0% vs. forecasts for 3.1%. GBP/USD recovered off of its post CPI low as we headed in to the release, but these profit taking bids were tempered a little after the data. GBP/USD ...
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GBP recovers after negative inflation and ahead of wages data

14/10/2015 | OzForex

United States Dollar: The pound snapped lower yesterday morning in the wake of weaker than expected inflation data. In fact, it actually starting falling 15 minutes or so in advance of the release. Perhaps, someone knew something we didn’t!? The weaker number ...
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GBP/USD wobbles ahead of UK inflation data

13/10/2015 | OzForex

United States Dollar: It was a subdued start to the week yesterday with it being a public holiday in Japan and North America. There wasn’t much economic data released on the day either. There were a few Fed speakers though; Lockhart was sounding hawkish on rate hikes ...
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Commodity currencies rally as hopes fade for a 2015 US rate hike

12/10/2015 | OzForex

United States Dollar: Risk sentiment improved and global stocks pushed higher on Friday following the release of the US FOMC meeting minutes the day previous. It was positive news for commodity currencies and the euro, but not so much the pound. Weaker than expected trade ...
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Pound falls on MPC minutes

09/10/2015 | OzForex

United States Dollar: The pound weakened yesterday morning as the minutes from the latest Bank of England’s MPC meeting were released. The meeting showed members were upbeat about the UKs economic performance although highlighted a slight “deceleration” in ...
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Markets await MPC, ECB and FOMC minutes

08/10/2015 | OzForex

United States Dollar: The pound rose yesterday as UK Manufacturing data showed stronger than expected growth of 0.5% for August. The report cited the “manufacture of transport equipment; the manufacture of basic metals & metal products; and the manufacture of food, ...
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