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RBA keep rates on hold overnight but a rate cut next month looks likely

03/04/2012 |OzForex

United States Dollar: A stronger than expected UK manufacturing PMI number for March sent sterling higher against the greenback on Monday, with cable touching 1.6062, its highest level since the middle of November 2011. Profit taking took the pair back below 1.6000 during ...
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Sterling starts the week on strong footing on better than expected PMI number

02/04/2012 |OzForex

United States Dollar: Month end demand turned out to be a USD supportive factor on Friday on an otherwise very quiet trading day in the FX markets. Data from the U.S. was mostly strong on the day although manufacturing numbers in the form of the Chicago PMI did print below ...
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GBP/USD breaks 1.60 despite weak economic data

30/03/2012 |OzForex

United States Dollar: The USD traded marginally higher against all of its major counterparts aside from GBP and JPY on Thursday with risk aversion remaining a dominant theme in an otherwise pretty directionless market. Safe haven flows sent the greenback higher but disappointing ...
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Market focus to shift to EU finance ministers meeting in Copenhagen

29/03/2012 |OzForex

United States Dollar: The USD continued to recover from its recent declines against most of its major counterparts on Wednesday, with the greenback benefitting from widespread risk aversion as concerns regarding the state of the U.S. economy remerged on the back of weaker ...
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GBP/USD hits 4 month highs but cannot convincingly break 1.60

28/03/2012 |OzForex

United States Dollar: The FX markets were broadly quiet on Tuesday, with no significant movements to speak of, although the greenback was able to move marginally higher, recovering from its Bernanke induced lows against a number of its counterparts as U.S. consumer ...
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Dovish comments from Fed Chairman send USD tumbling

27/03/2012 |OzForex

United States Dollar: The main story in the currency markets yesterday was the sharp selloff in the USD after unexpectedly dovish comments from Ben Bernanke. Speaking at the National Association for Business Economics Annual Conference the Fed Chairman said he was unsure if the ...
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German IFO data to set tone for EUR after last week''s PMI miss

26/03/2012 |OzForex

United States Dollar: The USD traded with an offered tone on Friday as risk sentiment remained well supported and treasury yields fell. GBP/USD was able to finish the day around 1.5860 having been as low as 1.5821 on the back of some weaker than expected U.K. mortgage ...
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Poor UK retail sales figures send the pound lower

23/03/2012 |OzForex

United States Dollar: Strong economic data from the United States and risk aversion ensured that the USD remained firm across the board yesterday. Jobless claims figures from the U.S. came in at their lowest level since February 2008 and leading indicators were shown to have ...
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GBP falls on dovish BoE minutes and poor government borrowing figures

22/03/2012 |OzForex

United States Dollar: The USD made small gains against most of its major counterparts (aside from GBP and CHF) yesterday as risk appetite softened and safe haven demand picked up on the back of renewed concerns surrounding Europe, poor U.S. housing data and worries surrounding ...
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All eyes on MPC Meeting Minutes and UK budget announcement today

21/03/2012 |OzForex

United States Dollar: The U.K. economy took centre stage on Tuesday morning as CPI and RPI numbers for February came in above expectations at 3.4% y/y and 3.7% y/y respectively. The headline inflation figure did fall back from January’s figure of 3.6% but this number is ...
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