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Sterling declines as most other majors consolidate...

14/05/2013 | OzForex

United States Dollar Most major crosses were relatively quiet yesterday, except those that included Sterling. Cable failed to hold above 1.5350 after surprisingly decent US retail sales number supported the greenback. Sterling was afforded some support by a CBI survey ...
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Jam-packed week looks set to test the Euro''s resolve...

13/05/2013 | OzForex

United States Dollar US Dollar volatility looks set to continue this week, reinvigorating a market that was starting to look complacent and staid. As equity markets push higher and the quest for yield dominates financial markets and the allocation of capital, the week ...
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USD/JPY breaking 100.00 sees the Greenback stronger

10/05/2013 | OzForex

United States Dollar: Greenback gains across the board after domestic data. Early yesterday saw Pound rise against the US dollar as both manufacturing and industrial production rose more than economists forecast in March with cold weather boosting the demand for electricity and ...
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Manufacturing and industrial data push the Pound higher

09/05/2013 | OzForex

United States Dollar: US dollar loses ground on the Pound as risk sentiment changes. As I wrote yesterday’s commentary, we had already seen all of the UK data releases for Wednesday. This meant movement was based on data elsewhere and the Pound pushed higher against the ...
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Kiwi intervention prevents Sterling being lower across the board

08/05/2013 | OzForex

United States Dollar: Sterling continues to fall against the Greenback. As data was thin on the ground yesterday cable traded most of the UK session within a 20–25 pip range. It was all change at 2:25pm however as US data showed red figures. First of the two showed that US ...
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Data sees Sterling higher against the Aussie and the Euro

07/05/2013 | OzForex

United States Dollar: Cable maintains its gains, but is off the highs this morning. GBP/USD saw a quieter day yesterday as a bank holiday in the UK saw no domestic data releases and the US also saw no data worth mentioning. At around 6:30am cable traded at a Monday high of ...
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GBP/USD eventually steadies following better than expected US non-farm payrolls

06/05/2013 | OzForex

United States Dollar: The pound got a boost from better than expected UK Services PMI on Friday, yet another positive UK economic data release. The data showed that the UK service sector grew at its fastest rate in eight months in April; the index printed at 52.9 vs. ...
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UK services data caps a good week for the GBP

03/05/2013 | OzForex

United States Dollar: Cable movement remains within recent ranges. Thursday was kicked off with UK construction data, which showed a climb back towards growth. The figure remained below 50, which separates contraction and expansion, but came in greater than forecast and the ...
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UK construction figures sees Sterling push higher

02/05/2013 | OzForex

United States Dollar: Sterling pushed, but failed to break 1.5600 versus the Greenback overnight. As mentioned in yesterday’s commentary, manufacturing data came in greater than the forecast figure. Despite showing contraction in production and new orders the figure did ...
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GBP higher as UK manufacturing comes in better than expected

01/05/2013 | OzForex

United States Dollar: US data helps cable push higher. Tuesday provided a lot of data for the market to swallow and there were some key releases in the UK and US. We started yesterday’s session with UK lending figures coming in as expected with mortgage approvals rising ...
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