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EUR/USD slides as political uncertainty and austerity protests in Spain weigh on risk

26/09/2012 | OzForex

United States Dollar: GBP/USD is slightly lower this morning and opens at 1.6160 but overall it’s been a steady last 24 hours. Weaker equity prices in New York supported good buying in USD and the currency strengthened late on yesterday against most other major currencies. ...
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Markets steady amid lack of any top tier economic data

25/09/2012 | OzForex

United States Dollar: It’s been a somewhat steady start for cable this week. There was no top tier data released yesterday and GBP/USD has just floated around the 1.6200 big figure for most of the past couple of trading sessions. Risk was off early yesterday morning, on ...
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Doubts over Greek fiscal deficit weighs on EUR/USD

24/09/2012 | OzForex

United States Dollar: Risk has come off in Asia and in early European trading as concerns grow for the state of Greek finances. An article in Der Spiegel, a German news source reported that Greece’s fiscal deficit was about €20 billion as the Troika (EC, ECB and IMF) ...
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GBP/USD bounces back above 1.6200 as fickle markets take on risk again

21/09/2012 | OzForex

United States Dollar: Cable sold off to a low 1.6165 yesterday morning post Chinese PMI risk selling. It has bounced back through the 1.6200 level since though and opens the morning at 1.6235. A good take up at a Spanish 10 year bond auction yesterday and perceived success for ...
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Risk off as a result of weaker than expected Chinese PMI

20/09/2012 | OzForex

United States Dollar: Risk has come off in the last 12/24 hours following the release of weaker than expected Chinese flash September manufacturing PMI which printed at 47.8 overnight, although this was up on the previous months reading of 47.6. The HSBC survey contracted for ...
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Risk sentiment still positive but ranges remain narrow in GBP/USD

19/09/2012 | OzForex

United States Dollar: UK CPI printed at 2.5% y/y yesterday in line with expectations and GBP/USD was unmoved. The pair opens the morning at 1.6265. Risk sentiment remains positive meanwhile, supported in part by the Bank of Japan announcing overnight that they will be increasing ...
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GBP/USD closing in on break of April high of 1.6304

18/09/2012 | OzForex

United States Dollar: GBP/USD has continued to grind higher over the last 24 hours and it eventually traded to a high of 1.6273 yesterday. It has dropped off slightly this morning and opens today at 1.6230. The main data release yesterday was the US Empire State Manufacturing ...
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Risk remains on after Fed QE3 decision last week - GBP/USD holds on to 1.6200

17/09/2012 | OzForex

United States Dollar: The USD remains weak vs. the pound this morning owing in large part, if not exclusively to the Fed decision last week to increase QE. Investors have been buying risk despite the release of weaker than expected US data on Friday including Prelim Consumer ...
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FOMC delivers QE3 and GBP/USD closes in on break of 1.6200

14/09/2012 | OzForex

United States Dollar: The FOMC did not fail to deliver yesterday evening. The Fed announced that it will purchase $40 billion of open ended mortgage-backed securities per month and on a side note they left the Fed Funds rate on hold at 0.50%. This comes in addition to continuing ...
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Risk on following German vote on ESM and Dutch elections. FOMC now in focus.

13/09/2012 | OzForex

United States Dollar: Risk is back on following the German high court decision yesterday to vote in favour of participating in the European Stability Mechanism. This comes not long after the ECB announced last week that it plans to buy unlimited short-term government bonds. It ...
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