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Euro slumps after ECB consider negative interest rates

21/11/2013 | OzForex

United States Dollar: The Bank of England’s MPC Meeting Minutes were released yesterday morning and showed that members were unanimous in their decision to leave interest rates and asset purchases on hold, as expected. The central bank said that growth and inflation ...
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Busy day ahead with MPC and FOMC minutes due

20/11/2013 | OzForex

United States Dollar: The steady range in GBP/USD has continued during the last 24 hours. It popped up through 1.61 yesterday morning after the People’s Bank of China announced that it would be widening the trading band of the yuan and would phase out routine intervention ...
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Subdued start to the week as investors await BoE minutes tomorrow

19/11/2013 | OzForex

United States Dollar: GBP/USD has slowly depreciated since the beginning of the week. There was some solid resistance at 1.6145 in the pair and after failing to break higher through this level yesterday it slumped to a low of 1.6090. The Bank of England published its Systemic ...
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MPC member Weale''s hawkish comments sends GBP higher

18/11/2013 | OzForex

United States Dollar: Soft US data released on Friday saw the USD lose ground against a range of currencies, including the pound. The Empire State Manufacturing Index for November printed at -2.2, a lot weaker than the 5.2 expected and its first negative reading since May. US ...
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Yellen''s comments and commitment to QE sends USD lower

15/11/2013 | OzForex

United States Dollar: Weaker than expected retail sales data released yesterday saw the pound fall back vs. the US dollar and euro. Sales fell in October by 0.7% against forecasts for 0% (flat). GBP/USD slipped to a low of 1.5990 on the news, this after breaking through the 1.60 ...
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Upbeat Bank of England assessment sends pound higher

14/11/2013 | OzForex

United States Dollar: UK unemployment printed in line with market forecasts yesterday, falling to 7.6% in October and closer to the Bank of England’s threshold for considering an interest rate hike. Claims for unemployment benefit also fell by 41,700 last month vs. ...
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GBP/USD on the back foot as investors await unemployment and Carney

13/11/2013 | OzForex

United States Dollar: UK CPI printed at 2.2% y/y vs. expectations for 2.5% yesterday and GBP gapped lower through stops under 1.5950 and 1.58 vs. the USD and back under 1.19 vs. the euro. The sell-off started a couple of minutes in advance of the print, which was a little ...
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The taper debate continues ahead of Yellen''s confirmation speech

12/11/2013 | OzForex

United States Dollar: It was a relatively quiet day on FX markets yesterday as most of North America was away for Remembrance Day. In the meantime, investors have deliberating the potential for an early QE taper by the Fed with The new Fed Chair Janet Yellen’s confirmation ...
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Strong US jobs data on Friday sees USD open higher this morning

11/11/2013 | OzForex

United States Dollar: Volatility continued on Friday. The pound slipped under 1.6000 to a low of 1.5950 vs. the dollar after US non-farm payrolls printed better than market forecasts. The employment report showed that 204,000 jobs were created in the non-farming sector in ...
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Euro tumbles after ECB unexpectedly cuts interest rates

08/11/2013 | OzForex

United States Dollar: It was a volatile day yesterday. GBP/USD fell to a low of 1.6010 after the European Central Bank unexpectedly cut interest rates by 0.25% to 0.25%. It was dragged lower by heavy selling in EUR/USD. The Bank of England monetary policy announcement was a ...
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