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Hopes of a temporary hike in the debt ceiling quashed as negotiations continue

14/10/2013 | OzForex

United States Dollar: Stalemate in Washington continues and markets are becoming increasingly nervous about any potential for a deal to be done to raise the USD debt ceiling. The White House rejected the Republican’s offer of a six week hike in the ceiling over the weekend ...
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GBP lower after weak manufacturing data

10/10/2013 | OzForex

United States Dollar: GBP/USD fell below 1.60 yesterday morning and through stop loss levels following the release of weaker than expected UK economic data. Manufacturing and industrial production fell in August by 1.2% and 1.1% respectively whilst the trade deficit widened to ...
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Muted reaction to Yellen''s appointment as next Fed Chair

09/10/2013 | OzForex

United States Dollar: There’s been no economic data of note released over the last 24 hours but equities in Asia have finished up on news that President Obama and the White House are mulling a temporary increase to the US debt ceiling. It’s also just been announced ...
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Uncertainty in currency markets remains as the shutdown continues

08/10/2013 | OzForex

United States Dollar: The U.S. government shutdown continues and meanwhile the deadline for an agreement to raise the debt ceiling looms. It means the short and medium term direction for the US dollar remains highly uncertain. As such and amid a lack of U.S. economic data the ...
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GBP/USD finds good support at 1.60 whilst deadlock in Washington continues

07/10/2013 | OzForex

United States Dollar: GBP/USD fell from 1.6135 to 1.6005 on Friday. Because of the US government shut-down US non-farm payrolls data was not released and so attention switched to the ongoing debates on Capitol Hill. There’s nothing much new in this but the Speaker of the ...
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Euro and kiwi boosted by separate central bank comments

03/10/2013 | OzForex

United States Dollar: The shutdown continues in the US. GBP/USD has traded a relatively steady range throughout. Calmness has ensued but the longer he deadlock continues the more nervous markets will get, as mentioned in yesterday’s commentary. Nothing much has changed ...
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Markets a little calmer but US debt ceiling deadline day looms

02/10/2013 | OzForex

United States Dollar: GBP/USD drifted lower yesterday and overnight. The USD has recovered slightly following the sell-off post US government shut-down (partial shut-down). Markets aren’t greatly concerned by this though it is stoking fears that there won’t be ...
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US government shutdown sees GBP/USD trade to 10 month highs

01/10/2013 | OzForex

United States Dollar: The US government has gone in to shut-down after Congress failed to agree on US budget bill last night. There was stalemate - the Republicans demanded that President Obama delay his healthcare act as a proviso for passing it through but he and the Democrats ...
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Stalemate on Capitol Hill weighs on risk sentiment

30/09/2013 | OzForex

United States Dollar: Risk is off this morning in the face of a potential US government shut down. Republicans have so far refused to pass the budget and will seemingly only agree on funding for the government based on a one-year delay in President Obama’s healthcare act. ...
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Carney comments push GBP higher early this morning

27/09/2013 | OzForex

United States Dollar: Carney has been reported in the Yorkshire post this morning as saying: “my personal view is, given the recovery has strengthened and broadened, I don’t see a case for quantitative easing and I have not supported it”. In fact he actually ...
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