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EUR rallies as investors greet the outcome of the 19th EU summit as a success

02/07/2012 | OzForex

United States Dollar: Sterling rallied strongly against the US dollar on Friday as risky FX received a boost on the back of a surprisingly better than expected outcome of the 2-day EU leaders summit in Brussels. The pound rose by about 1% against the USD on the day, trading ...
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EUR rallies in overnight trading as EU leaders agree on Spanish bank loans deal

29/06/2012 | OzForex

United States Dollar: Sterling continued its recent poor run of form against the US dollar on Thursday as GBP/USD fell to a 2-week low of 1.5486 during late afternoon trading, hindered by the release of the final iteration of UK Q1 growth figures which cemented the UK economy's ...
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Headline risk looms large over currency markets as 2-day EU summit commences

28/06/2012 | OzForex

United States Dollar: GBP/USD finished Wednesday well off its morning highs of 1.5634, pressured lower by a report published by the British Bankers Association which showed that the number of loans provided to purchase homes in May fell to their lowest levels in more than a ...
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Range bound price action to persist ahead of EU summit

27/06/2012 | OzForex

United States Dollar: Another day of fairly weak price action prevailed on Tuesday, with UK public finances data and bank of England MPC member testimony at the Treasury Select Committee hearing the highlights of an otherwise light day for tier 1 economic data, with the ...
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Fading hopes ahead of EU summit push EUR lower across the board

26/06/2012 | OzForex

United States Dollar: With no tier 1 economic data and a market preparing for the results of the now well anticipated EU summit at the end of this week it was probably no surprise that moves in the currency markets were pretty subdued yesterday and GBP/USD was no exception to ...
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Focus turns to EU summit at the end of the week

25/06/2012 | OzForex

United States Dollar: The general backdrop remained one of risk aversion in fairly subdued but choppy currency markets on Friday as the Moody's downgrade of 15 major global banks continued to sap investor demand for riskier assets, bolstering the safe-haven USD against most of ...
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USD firmer on the back of Moody''s bank downgrades

22/06/2012 | OzForex

United States Dollar: The performance of GBP/USD on Thursday was undermined by market rumours of an imminent downgrade of the credit ratings of UK banks and investors continuing to trim their long positions in the UK currency in anticipation of the likely announcement of further ...
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Fed extends Operation Twist

21/06/2012 | OzForex

United States Dollar: The chances of further QE were seen to have greatly increased yesterday as the Bank of England minutes revealed an unexpectedly close policy decision in June with a 5-4 split in voting (versus 8-1 the month previous) as central bank Governor Meryvn King ...
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Market awaits Bank of England minutes and FOMC decision

20/06/2012 | OzForex

United States Dollar: Although Tuesday's news that UK inflation fell to its lowest levels in 2-1/2 years in May would have been music to the ears of Bank of England policy makers, it certainly wasn't what cable bulls were hoping for as GBP/USD dipped to 1.5616 in the wake of the ...
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Market awaits news of Greek coalition deal

19/06/2012 | OzForex

United States Dollar: GBP/USD traded in a narrow 1.5650/1.5700 range yesterday with the pair initially trickling lower as the Greek-election inspired risk rally waned and markets woke up to the fact that little had materially changed for the outlook of Greece. Sterling was ...
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