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Busy week ahead as Fed expected to hike interest rates for first time since 2006

14/12/2015 | OzForex

United States Dollar: The pound had a good day on Friday. It took advantage of a weak US dollar during the early New York session and continued to push higher in to the end of the day. Better than expected Core Retail Sales from the US – printing at 0.4% vs. ...
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Dollar recovers mildly as investors eye US retail sales data

11/12/2015 | OzForex

United States Dollar: The pound wobbled a bit yesterday following the Bank of England’s monetary policy announcement and release of MPC minutes. As expected the central bank left interest rates on hold but pointed out that the price of oil had “fallen markedly ...
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Aussie rises as unemployment drops

10/12/2015 | OzForex

United States Dollar: The pound had a generally good day yesterday. It continued its recovery from the sub 1.50 level and pushed on through 1.51, reaching a high of 1.5195 in Asia. There wasn’t any data behind the move and it came mostly a result of a few technical ...
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Pressures on mining, energy and oil keep commodity currencies on defensive

09/12/2015 | OzForex

United States Dollar: It was one way traffic for the pound yesterday. Weaker than expected UK manufacturing production data saw it off to a bad start as output was shown to have fallen by 0.4% in October vs. forecasts for a decline of 0.1%. Better than expected Industrial ...
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Sterling lower as October UK Manfacturing output falls

08/12/2015 | OzForex

United States Dollar: A relatively quiet day of trading yesterday as GBP/USD held a half cent range between 1.51 and 1.5050. Bank of England Governor, Mark Carney, gave no relevant market quotes in yesterday’s speech to the EU parliament committee so markets are now ...
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US jobs data gives a green light to Fed lift-off

07/12/2015 | OzForex

United States Dollar: It was a cautious start to proceedings on Friday morning as investors eyed US Non-Farm Payrolls that afternoon. The data came in stronger than market expectations at 211k vs. 201k and so acted as a green light for a Fed rate hike next week. The dollar ...
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Euro bounces back as Draghi disappoints

04/12/2015 | OzForex

United States Dollar: GBP/USD was steady through the morning yesterday. Investors were reluctant to get too involved ahead of the ECB monetary policy announcement. Then, come crunch time, the ECB failed to deliver as far as the market was concerned and GBP/USD pushed higher ...
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Day of reckoning for euro with ECB expected to take action

03/12/2015 | OzForex

United States Dollar: The pound was knocked lower yesterday after the release of weaker than expected UK Construction PMI. It fell throughout the morning and was sold off further (vs. the USD) following the release of stronger than expected US ADP employment data. This ...
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Euro recovers as manufacturing PMIs come to the rescue

02/12/2015 | OzForex

United States Dollar: GBP/USD slipped below 1.51 again yesterday. It wasn’t a particularly good start after UK Manufacturing PMI came in under market expectations at 52.7 vs. 53.7. The downward trend continued throughout the day despite the release of weaker than ...
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Aussie dollar strengthens as expectations for GDP are revised up

01/12/2015 | OzForex

United States Dollar: It’s been a steady start to the week in FX markets. GBP/USD has made slow progress and after falling below the 1.50 figure during the early afternoon session on Monday it’s recovered to open this morning at 1.5095. The dollar is generally ...
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