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Central bank decisions to dominate the FX market this week

30/07/2012 | OzForex

United States Dollar: GBP/USD performed strongly on Friday, rising to a 5-week high of 1.5768 as risk sentiment continued to be well supported and EUR/USD tracked higher. Although the prevailing “risk on” mood meant that the USD continued to trade lower against its ...
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GBP/USD trades back above 1.5700 on Draghi comments

27/07/2012 | OzForex

United States Dollar: GBP/USD closely tracked the impressive move higher in EUR/USD yesterday, topping out at 1.5724 from morning starting levels below the 1.5500 handle, giving a healthy 1.2% gain for the pound on the day and making the abysmal UK Q2 GDP numbers released on ...
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UK GDP miss casts doubt over pound''s "safe-haven" status

26/07/2012 | OzForex

United States Dollar: Cable sold off to 1.5470 from 1.5530 on the release of a much weaker than anticipated UK Q2 GDP print yesterday which showed that the British economy contracted by more than three times the rate most analysts had expected in the second quarter of 2012. ...
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All eyes on this morning''s UK Q2 GDP numbers

25/07/2012 | OzForex

United States Dollar: Strong safe-haven flows prompted by investor concerns surrounding a deterioration of Europe's sovereign debt crisis pushed the USD higher across the board on Tuesday, with the strength of the USD versus the euro pushing the USD index to its highest levels ...
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USD remains strong on safe haven demand as concerns over peripheral Europe persist

24/07/2012 | OzForex

United States Dollar: Sterling fell to a one-week low of 1.5486 versus the USD on Monday, a fall of nearly 0.9% as further declines in the EUR/USD pair dragged cable down to the lower end of its recent trading range. Broadly speaking the USD was strong across the board as the ...
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Spanish woes push GBP/EUR to new highs

23/07/2012 | OzForex

United States Dollar: GBP/USD tracked to a low of 1.5615 on Friday, broadly following the downward move in the EUR/USD pair which fell to 2-year lows as renewed concerns regarding the state of Spanish regional finances weighed heavily. UK Public Sector Net Borrowing numbers ...
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GBP/EUR trades above 1.2800 as euro weakness prevails

20/07/2012 | OzForex

United States Dollar: Sterling performed well against the USD yesterday, bolstered by strong sales in the EUR/GBP cross which fell to a fresh 3-1/2 year low. Cable traded to a 4-week high of 1.5737 during afternoon trading on Thursday, with gains in the pound at odds with a ...
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Sterling rises to a two-week high versus the USD

19/07/2012 | OzForex

United States Dollar: GBP initially declined on the release of the Bank of England minutes yesterday, a likely consequence of the fact that it was revealed that the UK central bank had discussed a possible cut to the 0.50% bank rate at their last policy meeting. The minutes also ...
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Market focus on UK jobs data and Bank of England minutes

18/07/2012 | OzForex

United States Dollar: A weaker than expected UK inflation number for June took GBP/USD off its early highs around 1.5668 on Tuesday and losses for the GBP/USD pair continued into the afternoon as Fed Chairman Ben Bernanke told lawmakers that the US central bank stood ready to ...
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Market awaits Fed Chairman Bernanke''s testimony

17/07/2012 | OzForex

United States Dollar: The main theme driving the FX markets on Monday was USD weakness on the back of the third consecutive monthly decline in US retail sales figures, the first time this has occurred since 2008. Predictably the soft domestic economic data prompted market ...
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