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Ranges lacklustre ahead of key central bank decisions tomorrow

03/04/2013 | OzForex

United States Dollar: The pound fell yesterday in response to weaker than expected UK Manufacturing PMI. The index showed a contraction in Britain’s manufacturing sector for the second month in a row, printing at 48.3 vs. expectations for a reading of 48.9. GBP/USD fell ...
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USD slightly weaker following disappointing manufacturing figures yesterday

02/04/2013 | OzForex

United States Dollar: It’s been a very quiet last few days in the market. Most centres were closed on Friday and Monday, although US markets were open both days. Cable is ever so slightly higher on Thursday’s closing levels, in part a result of weakish US data ...
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Euro looking vulnerable after more weak data

28/03/2013 | OzForex

United States Dollar: The pound fell first thing yesterday after data showed that the UK’s current account deficit rose to £14 billion in the fourth quarter vs. an expected deficit of £12.8 billion, the biggest recorded deficit since 1989. Final GDP, also ...
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UK banks set to learn new capital requirements

27/03/2013 | OzForex

United States Dollar: It’s been a quiet last 24 hours in the FX market. Cable has traded a range between 1.5135 and 1.5167 since early afternoon yesterday with investors seemingly taking a breather after the Cyprus deal came through over the weekend. Markets are now ...
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Dutch PM''s comments dent the euro

26/03/2013 | OzForex

United States Dollar: The pound has been steady these last 24 hours as cable takes a back seat amid developments in Brussels and Cyprus. After trading up towards 1.5260 early on in the week GBP/USD has settled lower overnight and opens the London session at 1.5180. Markets have ...
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Done deal on Cyprus lifts market sentiment for now

25/03/2013 | OzForex

United States Dollar: The pound pushed through 1.5200 late on Friday shrugging off the news that Fitch, the ratings agency, had put the UK on negative outlook. Given that Moody’s has already acted to downgrade the country’s rating it came as no great surprise to ...
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EU issues ultimatum; Cyprus/Russia negotiations fail…

22/03/2013 | OzForex

United States Dollar While short-term resistance levels remain intact for now, and other majors are marginally softer this morning, Sterling continues to push higher against the US Dollar. While the budget undermined sentiment – Mr Osborne was quoted yesterday ...
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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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