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Euro weakness continues after 3rd Greek bailout approved

14/07/2015 | OzForex

United States Dollar: In the absence of any data the pounds moves were driven by the dramatic news from Europe as Greece and its creditors agreed the terms of a third bailout. As the first news of the agreement hit the wires GBP/USD pushed up as expected however after a short ...
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Agreement reached between Tsipras and creditors but euro slides

13/07/2015 | OzForex

United States Dollar: An agreement between Greece and its creditors on a third bailout has now been reached. A press conference has just taken place and the euro was initially better bid on the news, trading up towards 1.1160. The pound is so far being dragged with it and ...
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Greek deal looking more likely as austerity proposals are submitted

10/07/2015 | OzForex

United States Dollar: Greece has now submitted new austerity proposals to its creditors. According to reports, the proposals seem fairly severe too and include; raising and standardising VAT at 23%, €300mio defence spending cuts and the privatisations of ports amongst ...
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Pound drifts lower as Greek headlines continue to dominate

09/07/2015 | OzForex

United States Dollar: GBP/USD trickled lower throughout the day yesterday. The headlines on Greece were fairly mixed and the UK summer budget didn’t really have too much of an impact on rates. The US Fed minutes last night were on the dovish side and there was mention ...
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EU summit set for Sunday to discuss Grexit

08/07/2015 | OzForex

United States Dollar: Yesterday saw worse than expected Manufacturing Production figures from the UK with official data showing a 0.6% contraction in output between May and June. The report cited a 3.7% fall in basic metal and metal products as being the largest contributing ...
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Greek leaders to present new plan in Brussels

07/07/2015 | OzForex

United States Dollar: Reaction to the Greek No vote was fairly muted yesterday as the turmoil some had been predicting failed to materialise. Virtually all bourses around the world started lower however the losses on the FTSE and Dow were pared as the day went on. ...
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61% vote No in Greferendum - Varoufakis quits as Finance Minister

06/07/2015 | OzForex

United States Dollar: Friday saw supportive data for the UK as the closely followed Services PMI printed a better than expected 58.5, two points higher than the June release. Chris Williamson, Chief Economist at Markit commented: “While uncertainty caused by the Greek ...
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Aussie dumped on soft retail sales data

03/07/2015 | OzForex

United States Dollar: GBP/USD recovered a bit on Thursday following the release of better than expected Construction PMI. It pushed up through 1.56 again but has traded sideways since and opens this morning at 1.5615. US Non-Farm Payrolls were released yesterday and printed ...
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Pound falls as Carney talks down chances of rate hike

02/07/2015 | OzForex

United States Dollar: It wasn’t a great day for the pound yesterday. It got off to a bad start after UK manufacturing data missed forecasts. The index showed that British manufacturing slowed to its weakest in more than two years in June. An hour later BoE Governor ...
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Euro unmoved as Greece misses its debt repayment deadline

01/07/2015 | OzForex

United States Dollar: So unsurprisingly Greece missed its IMF debt repayment deadline, this after further last minute negotiations broke down yesterday. EUR/USD bounced around late yesterday afternoon before and after the London currency fix (the point at which a benchmark ...
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