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Sterling recovers from Friday''s losses

04/06/2012 | OzForex

:: United States Dollar: Sterling continued to struggle against the USD on Friday, falling to a fresh 4-1/2 month low of 1.5269 after a PMI survey for May showed that British manufacturing activity contracted at its fastest pace in three years as the ongoing slowdown in Europe and the rest ...
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GBP under pressure this morning as UK manufacturing data disappoints

01/06/2012 | OzForex

United States Dollar: Month-end demand and persistent risk negative flows pushed the USD higher across the board on Thursday as concerns surrounding the state of the Spanish banking system continued to push investors into the arms of safe haven assets. In particular the US ...
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GBP/USD falls to 4-month lows on euro concerns

31/05/2012 | OzForex

United States Dollar: Investors continued to favour the USD on Wednesday with risk-negative flows pushing the US currency to its highest levels since September 2010 against a basket of its main counterparts. Risk aversion remained the key theme in the financial markets once ...
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Spain continues to be the thorn in the euro''s side

30/05/2012 | OzForex

United States Dollar: The negative news flow surrounding the European Central Bank’s opposition to Spain’s proposed bailout of the beleaguered Bankia group helped the USD index, a measure of the performance of the US currency against a basket of its major ...
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Concerns surrounding the state of Spanish banking system pressure EUR lower

29/05/2012 | OzForex

United States Dollar: The FX market was pretty quiet yesterday with most US traders away from their desks in observance of the Memorial Day holiday. The USD retained a mildly safe-haven bid as concerns surrounding the solvency of the Spanish banking system remained in focus and ...
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EUR opens firmer but Greek uncertainty is likely to weigh heavily this week

28/05/2012 | OzForex

United States Dollar: Friday capped off the fourth consecutive week of losses for GBP/USD, the longest streak of declines for the pair since September last year with investors continuing to favour the safe-haven USD over any of its European counterparts on the back of growing ...
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GBP lower as concerns mount over UK economic contraction

25/05/2012 | OzForex

United States Dollar: News that the UK’s recent return to recession was deeper than originally thought pushed GBP/USD to a two-month low of 1.5637 yesterday as UK Q1 GDP was revised down to -0.3% from -0.2% published in April, with the Office for National Statistics ...
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EUR remains under pressure as EU summit disappoints investors

24/05/2012 | OzForex

United States Dollar: Investor’s continued flight to safety and weaker than expected UK economic data drove sterling to a two-month low against the US dollar on Wednesday as market focus remained fixed on events in Europe. Yesterday we saw UK April retail sales come in at ...
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GBP lower this morning as retail sales disappoint

23/05/2012 | OzForex

United States Dollar: Sterling suffered under the weight of weaker than expected economic data yesterday as CPI numbers showed that UK inflation fell to 3.0% in April from 3.5% the previous month, its lowest levels since November 2009, thereby increasing the likelihood that the ...
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GBP falls back on moderating inflationary pressures

22/05/2012 | OzForex

United States Dollar: With no significant economic releases from either the UK or the US on Monday the GBP/USD pair traded in a narrow 1.5778/1.5841 range, continuing to take direction from wider risk sentiment. Buying in the EUR/GBP pair pushed cable to its lows below 1.5800 ...
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