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Financial markets rocked by the FED’s curve-ball as UK retail sales are dreadful…

19/09/2013 | OzForex

United States Dollar Most were caught off-guard last night as the FED decided not to taper this month. Expectations of at least $10bln worth of tapering were left unfounded as the pace of asset purchases was unchanged at $85bln per month. Instead, the World’s most ...
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G10 currencies steady in run up to the much anticipated FOMC announcement tonight

18/09/2013 | OzForex

United States Dollar: G10 currencies have traded narrow ranges as investors take a wait-and-see approach to tonight’s FOMC announcement. If anything the USD remains a touch offered heading in to the event but the consensus amongst investors is for the central bank to ...
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GBP/USD drifts from 9 month highs in run up to FOMC

17/09/2013 | OzForex

United States Dollar: GBP/USD ran out of steam ahead of the 1.6 level on Monday. It eventually hit a high of 1.5960, post news that Larry Summers had exited the race to become the next Fed Chairman. As far as the market was concerned he was a favourite and a bit of a hawk, so ...
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USD weakens on opening as Summers withdraws from running to become next Fed Chair

16/09/2013 | OzForex

United States Dollar: The USD has lost more ground in Asia and GBP/USD has traded to fresh 9-month highs of 1.5957. This latest move has come after former US Treasury Secretary Lawrence Summers, a hot favourite to succeed as the next Fed Chairman, announced that he would be ...
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GBP/USD hangs on to eight month highs

13/09/2013 | OzForex

United States Dollar: Bank of England Governor Mark Carney defended the banks forward guidance policy yesterday before the Treasury Select Committee. He insisted that it had reinforced the recovery and that it had given certainty and clarity to households and businesses. He ...
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GBP/USD at 8 month highs after employment - Carney''s answers now in focus

12/09/2013 | OzForex

United States Dollar: The positive UK employment data released yesterday has helped GBP/USD push higher through 1.58. Figures showed that the UK claimant count fell by 32.6k (vs. forecasts for a drop of 21.2k) and the unemployment rate fell to 7.7% vs. forecasts for 7.8%. ...
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More clarity on Syria supports risk sentiment

11/09/2013 | OzForex

United States Dollar: In a speech to the nation yesterday U.S. President Barack Obama said that a military strike on Syria was necessary so that dictatorships would think twice before using and stockpiling chemical weapons. Risk sentiment took a hit in the early part of his ...
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Risk sentiment improves on constructive Syria headlines

10/09/2013 | OzForex

United States Dollar: The US dollar has drifted lower against most major currencies over the last 24 hours as risk appetite gradually improves. Lower oil prices and clearer news on Syria has supported this improvement in sentiment; U.S. President Obama announced yesterday that ...
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USD weaker across the board after Friday''s employment data

09/09/2013 | OzForex

United States Dollar: UK economic data actually printed below market expectations on Friday, a bit of a surprise given the mild and consistent improvement in data of late; manufacturing production for July rose 0.2% vs. expectations for 0.3%, industrial production was flat vs. ...
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All eyes on US non-farm payrolls

06/09/2013 | OzForex

United States Dollar: So it came as no surprise that the Bank of England left interest rates and QE on hold yesterday. There was a chance that Carney would make an accompanying statement but he didn’t, which meant there was no dovish steer from the central bank. GBP/USD ...
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