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Greek situation is beginning to sound like a broken record

25/06/2015 | OzForex

United States Dollar: Wednesday morning saw the Dollar retract as demand weakened in anticipation of the GDP figures released later in the day, we saw GBP/USD climb to 1.58 appreciating 0.44%. This wasn’t to last and as soon as news filtered through from the Eurozone ...
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The hawks are out for the USD

24/06/2015 | OzForex

United States Dollar: The dollar continued on its good run during Tuesday's session and remained higher against a basket of major currencies. It was a mixed day of releases starting with FOMC member Jerome Powell delivering his take on the future of the dollar. He stated there ...
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Greek deal looking likely

23/06/2015 | OzForex

United States Dollar: The USD welcomed some good news yesterday after existing home sales rose more than expected in May to hit the highest level since 2009. The report highlighted sales increased 5.1% to 5.35 million units last month from 5.09 million in April. Analysts had ...
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Markets dominated by Grexit fears

22/06/2015 | OzForex

United States Dollar: It was a fairly quiet day on Friday. There wasn’t much by way of economic data and traders were reluctant to place too many major bets as long as the Greek debt saga remained unresolved. That said the pound caught a bid as markets came to a close ...
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Pound rises after positive Retail Sales data

19/06/2015 | OzForex

United States Dollar: USD has recouped some of the losses it experienced in the past 48 hours as the ongoing Greek impasse sees the greenback well bid this morning. Fed Chair, Janet Yellens dovish press conference on Wednesday evening saw cable break through 1.58 and it pushed ...
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Dollar sold on less hawkish Yellen comments

18/06/2015 | OzForex

United States Dollar: GBP/USD pushed higher again yesterday on the back of better than expected average earnings data from the UK. Wage growth accelerated by 2.7% vs. expectations for 2.5%. The unemployment rate printed at 5.5% as expected and MPC votes showed that Bank of ...
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Volatility, volatility and more volatility

17/06/2015 | OzForex

United States Dollar: UK headline CPI for May printed in line with market expectations yesterday showing that prices rose at an annual rate of 0.1%. It’s better than last month’s negative headline but all other inflation indicators including producer prices, the ...
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GBP/USD trades up through 1.56 despite negative Greece headlines

16/06/2015 | OzForex

United States Dollar: GBP/USD has pushed gradually higher over the last 24 hours, this despite ongoing and growing concerns for Greece’s future in the Eurozone. The pair dipped briefly below 1.55 yesterday morning, but helped by weaker than expected U.S. economic data ...
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Daily Forex Commentary

15/06/2015 | OzForex

United States Dollar: The pound has fallen back slightly since Friday after Standard & Poor’s downgraded its outlook on the UK’s sovereign rating to “negative” from “stable”. The ratings agency went on to state that “we believe ...
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Grexit moves closer as IMF walk out of talks

12/06/2015 | OzForex

United States Dollar: It was good day on the data-front from the States yesterday as Retail Sales beat forecast after Mays lacklustre numbers. The core reading showed 1% monthly growth and the overall reading 1.2% however USD reaction to the positive numbers was a little ...
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