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Daily Forex Commentary

15/06/2015 | OzForex

United States Dollar: The pound has fallen back slightly since Friday after Standard & Poor’s downgraded its outlook on the UK’s sovereign rating to “negative” from “stable”. The ratings agency went on to state that “we believe ...
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Grexit moves closer as IMF walk out of talks

12/06/2015 | OzForex

United States Dollar: It was good day on the data-front from the States yesterday as Retail Sales beat forecast after Mays lacklustre numbers. The core reading showed 1% monthly growth and the overall reading 1.2% however USD reaction to the positive numbers was a little ...
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Kiwi slumps as the RBNZ cut interest rates

11/06/2015 | OzForex

United States Dollar: It was another volatile trading session yesterday. To start with, Bank of Japan Governor Kuroda was speaking in parliament and referring to the value of the Yen, said “generally and theoretically speaking, the fact that the real-effective exchange ...
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Euro rallies this morning as German 10 year bund yields hit 1.0%

10/06/2015 | OzForex

United States Dollar: The focus again yesterday was on Greece. A source early on quoted officials as saying that new Greek plans were not enough. Greek PM Tsipras is due to meet with Angela Merkel again today but time is ticking and the longer this back-and forth continues, ...
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Dollar weakness sparked by supposed Obama comments

09/06/2015 | OzForex

United States Dollar: The dollar dropped across the board on Monday, erasing the post non-farm payroll gains on Friday. According to a French journalist yesterday, US President Obama said that the strong US dollar was a problem and although this comment was later denied by US ...
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US Non-Farms beat forecast

08/06/2015 | OzForex

United States Dollar: Friday saw the latest Non-Farm Payrolls data from the States with another strong result seen. Expectations of a circa 220k increase in employment were smashed as May printed 280k. Cable had been trading at 1.5340 before the release dropped to briefly ...
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EUR/USD volatility continues as Greek debt repayment is delayed

05/06/2015 | OzForex

United States Dollar: Cable rallied yesterday morning as the Greek saga played out. The pair pretty much followed in the shadows of EUR/USD, if perhaps a bit reluctantly. German bunds rallied as investors grew more and more confident that a deal on Greece was imminent ...
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Euro rallies as German bonds snap lower on Mario''s comments

04/06/2015 | OzForex

United States Dollar: GBP/USD fell below 1.53 again on Wednesday morning following the release of weaker than expected UK Services PMI. In fact, the data showed that the UK’s service sector suffered its sharpest decline in close to four years as the index fell to 56.5 ...
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All eyes on Greek bailout talks as deadlines loom

03/06/2015 | OzForex

United States Dollar: Cable followed in the footsteps of EUR/USD yesterday, pushing gradually higher throughout the day. This push continued overnight and the pair traded to a high of 1.5375 early this morning. Investors are increasingly confident that a deal will be struck ...
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Aussie dollar bumps higher as RBA leave interest rates on hold

02/06/2015 | OzForex

United States Dollar: UK manufacturing data printed slightly weaker than market expectations yesterday. The index for May came in at 52.0 vs. expectations for 52.7 and although it only missed slightly it saw the pound come under selling pressure throughout the morning. ...
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