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Draghi''s dovish statement weighs on the euro

04/04/2014 | OzForex

United States Dollar: The pound slumped yesterday following the release of weaker than expected UK Services PMI. The data showed that the UK service sector grew at its slowest rate in nine months in March with the index printing at 57.6 vs. 58.2. Cable fell towards 1.66 on the ...
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Euro on the back foot ahead of ECB decision

03/04/2014 | OzForex

United States Dollar: UK Construction PMI printed slightly weaker than market expectations yesterday but it didn’t have much of a negative impact on the pound. The 62.5 reading in the index shows that confidence in the sector remains sky-high. As the floods receded in ...
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UK PMIs continue to show solid growth

02/04/2014 | OzForex

United States Dollar: The big release yesterday from the UK was the monthly Manufacturing PMI which came in at a slightly under-par 55.3 (exp 56.7). Sterling slipped a little on the release falling back from 1.6655 to a session low of 1.6618. Although this was the fourth ...
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Euro up despite the weak inflation headline

01/04/2014 | OzForex

United States Dollar: GBP/USD was steady throughout much of the morning session yesterday. It dipped to a low of 1.6615 in the mid-afternoon but quickly bounced thereafter in response to what seemed to be dovish comments from Fed Chair Yellen. Although she said nothing much new ...
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Euro recovers ahead of this morning''s inflation data

31/03/2014 | OzForex

United States Dollar: UK Current Account data printed much weaker than forecasts on Friday. In fact, it was the second widest deficit on record at £22.4 billion in the October-December quarter, largely a result of an increase in foreign investment earnings leaving the ...
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Euro falls again

28/03/2014 | OzForex

United States Dollar: UK retail sales data smashed investor expectations yesterday morning, largely a result of better sales in both food and non-food stores. GBP/USD gapped higher through 1.66 and on to a high of 1.6640 as the data showed that consumers on the high street are ...
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Euro lower again after talk of negative interest rates

27/03/2014 | OzForex

United States Dollar: GBP/USD has risen steadily over the last 24 hours, buoyed in part by BoE MPC member Weale’s comments yesterday. Weaker than expected US Capital Goods Orders data was also a contributing factor and saw the USD weaken vs. the pound during the afternoon ...
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Volatile euro reacts to ECB comments on deflation

26/03/2014 | OzForex

United States Dollar: UK inflation data printed in line with market expectations yesterday. CPI in February fell to 1.7% y/y. Heading in to the release there were growing concerns that given the heavy discounting by UK retailers last month the data would print weaker than 1.7%. ...
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GBP/USD steady under 1.65 ahead of UK inflation

25/03/2014 | OzForex

United States Dollar: GBP/USD fell to a low of 1.6465 yesterday, dragged lower by the sell-off in EUR/USD. The pair then proceeded to trade a steady range just under 1.65. Late in the day it spiked to 1.6535, but it was only a spike, and it quickly fell back under 1.65 as Asia ...
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FX markets steady after the excitement of the FOMC

24/03/2014 | OzForex

United States Dollar: It was a quiet finish to the week last week. GBP/USD hugged the 1.65 level for most of Friday’s session but then bumped to a low of 1.6457 at the very end of the day. It seems investors were keen to take a bit of a breather following the excitement of ...
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