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From Ireland to Greece, austerity turns into competitiveness...

21/03/2013 | OzForex

United States Dollar Cable did test upside resistance yesterday, but the move proved unsustainable and the pair is trading back where it started this morning – circa 1.5125. Cyprus took a backseat as headlines became dominated by the UK’s ...
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Cypriot 'bail-in rejected by nations Parliament...

20/03/2013 | OzForex

United States Dollar Cable consolidated yesterday and continues to hold around 1.510 this morning. Markets will experience major event risk over the coming 24 hours, and significant volatility is likely. Inflation data released yesterday from the UK was generally ...
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Is the threat of contagion back?

19/03/2013 | OzForex

United States Dollar Cable consolidated yesterday and held firm around 1.510 through most of the day, and this morning. Sterling managed to hold onto recent gains as it appeared to be a major beneficiary of safe haven flows diversifying out of the Euro. With little data to ...
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Cypriot bailout roils markets...

18/03/2013 | OzForex

United States Dollar Market dynamics appeared to be changing as markets shifted onto a more optimistic footing, but developments in Cyprus now look set to reignite the Euro-crises. The month of March had bought consolidation, but this may now revert back to the hugely ...
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GBP rallies above 1.51 vs. the USD, a 200 point move on yesterday

15/03/2013 | OzForex

United States Dollar: Cable rallied yesterday as North America came online although US data wasn’t the catalyst. After weeks of building up short GBP positions investors’ took the opportunity to unwind as good demand for GBP vs. the scandi currencies and JPY ...
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Aussie dollar up on huge employment number

14/03/2013 | OzForex

United States Dollar: US retail sales beat expectations yesterday afternoon advancing 1.1% in February vs. forecasts for a 0.5% rise. It was the strongest print in five months and the USD reacted positively against most currencies, all expect the pound. After haemorrhaging ...
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Weak UK manufacturing data sends GBP lower again

13/03/2013 | OzForex

United States Dollar: After a quiet start to the week markets got a shock from much weaker than expected manufacturing and industrial production data released at 9:30 yesterday morning. Manufacturing fell in January at its fastest pace since June, by 1.5% vs. expectations for a ...
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Markets take a breather for once

12/03/2013 | OzForex

United States Dollar: GBP/USD has been steady these last 24 hours. It’s traded a range between 1.4860 (a 2.5 year low) and 1.4940 post US NFP on Friday afternoon. There was little by way of economic data yesterday but sentiment towards the pound, the contrasting prospects ...
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Strong US NFP data on Friday sends GBP/USD sharply lower

11/03/2013 | OzForex

United States Dollar: Friday was all about US Non-Farm Payrolls which came in much stronger than expected at 236k vs. forecasts for 162k. The jobless rate also fell to a five year low of 7.7% and it was an immediate reason to buy USD. Cable gapped from 1.5030 to 1.4930. It ...
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BoE and ECB decide not to ease; Euro gains as Draghi surprisingly upbeat...

08/03/2013 | OzForex

United States Dollar Cable initially jumped back over 1.50 yesterday as the BoE decided not to add to current stimulus efforts this month. Markets were edging towards a further £25bln of QE, so positions were unwound as traders adjusted to the news. Focus will now ...
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