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US dollar remains lower as Fed concludes meeting

12/12/2012 | OzForex

Another tough day at the office for the US dollar yesterday as discussions over the ‘fiscal cliff’ continue
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Financial markets sit and wait as Obama speaks later today

11/12/2012 | OzForex

United States Dollar: The US dollar weakened against most of its main counterparts yesterday, due to on-going ‘fiscal cliff’ policy disputes. Democratic lawmakers and Obama continue to insist that Republicans accept higher tax rates for top earners before ...
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Euro nears two week low

10/12/2012 | OzForex

United States Dollar: GBP/USD remains uneventful, opening at 1.6026 and now holding around 1.6035. Investors are wary of buying sterling after UK finance minister George Osborne last week announced that Britain would miss debt-reduction targets, raising concerns the ...
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Euro lower this morning after ECB discuss negative deposit rates

07/12/2012 | OzForex

United States Dollar: The Bank of England left interest rates on hold in its monetary policy announcement yesterday. It also left its asset purchase target unchanged, all of which was expected by markets. Cable moved lower on the news to 1.6035, this after starting the day above ...
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The UK''s triple A credit rating under threat

06/12/2012 | OzForex

United States Dollar  GBP/USD had a fairly quiet day yesterday, hovering around the 1.6100 mark. Things haven’t got any more exciting this morning with a drop to 1.6075 but then a slight rise to break 1.6100. We’re currently sat at 1.6104. In a half ...
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GBP/USD holds 1.6100 in advance of the Chancellor''s autumn budget announcement

05/12/2012 | OzForex

United States Dollar: GBP/USD briefly slipped below the 1.6100 figure yesterday but has recovered to open this morning at 1.6110. UK construction PMI printed lower than expected yesterday but did not have too much of a negative impact on the pound. US data was lacking but the ...
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AUD rallies as RBA cuts interest rates overnight by 0.25% to 3%

04/12/2012 | OzForex

United States Dollar: The pound rallied against the USD yesterday supported by improved risk sentiment and better than expected UK manufacturing PMI data released that morning. The index printed at 49.1, its highest level since August, showing that the economy slowed less than ...
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Fiscal cliff continues to dominate price action in currency markets

30/11/2012 | OzForex

United States Dollar: GBP/USD has risen steadily over the last 24 hours amid varied (positive and negative) official comments out of the US regarding the fiscal cliff and potential for an imminent agreement between both parties. Meanwhile a spate of US economic data released ...
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Optimism over a deal to avoid US fiscal cliff drives improved risk sentiment

29/11/2012 | OzForex

United States Dollar: The pound lost ground early on Wednesday following comments from Bank of England deputy Governor Bean. He said: “certainly we haven’t closed the door forever on further asset purchases and it would be incorrect to say that we’ve decided ...
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GBP resilient in light of downbeat comments from BOEs King

28/11/2012 | OzForex

United States Dollar: News of a Greek deal yesterday morning saw GBP/USD trade up to a high of 1.6050. It has settled lower overnight and opens this morning at 1.6005. This has been the range over the last 24 hours. UK Revised GDP data for Q3, released yesterday morning, printed ...
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