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Dollar weakens against backdrop of recovering oil and gold prices

02/12/2014 | OzForex

United States Dollar: The dollar weakened on Monday morning but as well as this, the pound reacted positively to better than expected UK Manufacturing PMI. The data showed that UK manufacturing picked up in November as the CIPS’s index rose to 53.5 vs. expectations for ...
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Dollar strengthens and commodities continue their slide

01/12/2014 | OzForex

United States Dollar: The pound slipped gently lower on Friday. The dollar was stronger, although most of the US market was still out for Thanksgiving. GBP/USD started the day above 1.57 on Friday and fell to a low of 1.5590 in Asia (overnight). It has recovered a little in ...
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Dollar strengthens across the board over Thanksgiving

28/11/2014 | OzForex

United States Dollar: The dollar recovered yesterday as investors decided to lock in some profits after the run of weak US data on Wednesday. There wasn’t any data yesterday from America as it was a public holiday. There wasn’t much by way of UK economic data ...
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Dollar weakens following run of poor top tier data

27/11/2014 | OzForex

United States Dollar: Second Estimate UK GDP data printed in line with market expectations on Wednesday at 0.7%, still down on the previous quarter’s reading of 0.9%. GBP/USD fell to a low of 1.5684 on the news, but as the day went on the dollar started to weaken. US ...
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Aussie dollar falls to 4 year lows as commodities continue to slide

26/11/2014 | OzForex

United States Dollar: The Bank of England Governor Mark Carney and other MPC members testified before the Treasury Select Committee yesterday. They didn’t say anything too surprising – Carney said that the next policy move would be to raise interest rates, ...
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Rates steady in run up to today''s Inflation Report Hearings

25/11/2014 | OzForex

United States Dollar: The dollar weakened yesterday despite a lack of top tier data. Flash Services PMI printed slightly weaker than expected but it wasn’t a big contributor to the move. During what has been a steady start to the week so far, GBP/USD has made mild ...
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Euro sold off following more dovish comments from Draghi

24/11/2014 | OzForex

United States Dollar: It was a fairly quiet session for the pound on Friday and it’s been a steady start to this morning’s session with it being a Japanese public holiday. The euro was sold off on Friday and the decline in EUR/GBP acted as support to GBP/USD ...
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Pound rises as UK retail sales beat forecast

20/11/2014 | OzForex

United States Dollar: The pound got a boost yesterday morning as UK Retail Sales for October beat forecast showing 0.8% growth m/m. After last month’s disappointing result a rebound was expected however the better than expected print saw cable regain 1.57 to reach 1.5733 ...
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Pound limps along ahead of UK and US central bank minutes

19/11/2014 | OzForex

United States Dollar: The pound remains under pressure this morning despite stronger than expected inflation data released yesterday. Year on year inflation accelerated last month by 1.3% vs. forecasts for 1.2%. GBP/USD continued to trade close to the 1.5650 level following ...
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GBP under pressure again ahead of inflation data

18/11/2014 | OzForex

United States Dollar: After staging a mild recovery late on Friday, GBP/USD snapped lower again on Monday morning as Europe came online. Both HSBC and Barclays announced that they would be pushing back their expectations for a UK interest rate hike by a full year to Q1 2016 ...
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