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Deflation death knell tolls for the dollar

15/10/2015 | OzForex

United States Dollar: UK wages data printed a little weaker than expected yesterday morning at 3.0% vs. forecasts for 3.1%. GBP/USD recovered off of its post CPI low as we headed in to the release, but these profit taking bids were tempered a little after the data. GBP/USD ...
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GBP recovers after negative inflation and ahead of wages data

14/10/2015 | OzForex

United States Dollar: The pound snapped lower yesterday morning in the wake of weaker than expected inflation data. In fact, it actually starting falling 15 minutes or so in advance of the release. Perhaps, someone knew something we didn’t!? The weaker number ...
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GBP/USD wobbles ahead of UK inflation data

13/10/2015 | OzForex

United States Dollar: It was a subdued start to the week yesterday with it being a public holiday in Japan and North America. There wasn’t much economic data released on the day either. There were a few Fed speakers though; Lockhart was sounding hawkish on rate hikes ...
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Commodity currencies rally as hopes fade for a 2015 US rate hike

12/10/2015 | OzForex

United States Dollar: Risk sentiment improved and global stocks pushed higher on Friday following the release of the US FOMC meeting minutes the day previous. It was positive news for commodity currencies and the euro, but not so much the pound. Weaker than expected trade ...
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Pound falls on MPC minutes

09/10/2015 | OzForex

United States Dollar: The pound weakened yesterday morning as the minutes from the latest Bank of England’s MPC meeting were released. The meeting showed members were upbeat about the UKs economic performance although highlighted a slight “deceleration” in ...
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Markets await MPC, ECB and FOMC minutes

08/10/2015 | OzForex

United States Dollar: The pound rose yesterday as UK Manufacturing data showed stronger than expected growth of 0.5% for August. The report cited the “manufacture of transport equipment; the manufacture of basic metals & metal products; and the manufacture of food, ...
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Risk-on trade sees Euro fall

07/10/2015 | OzForex

United States Dollar: Cable has recovered its losses from earlier in the week as risk-on trade saw money flow back into stocks and commodities. GBP/USD had been as low as 1.5135 earlier in the week now trades at 1.5270 with a push beyond 1.53 possible should this ...
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Sterling drops after poor Services PMI

06/10/2015 | OzForex

United States Dollar: The pound started the week on the back foot yesterday as the monthly CIPS/Markit Services PMI release showed its worst reading in over two years. The closely followed survey was expected to show a slight uptick to 56.4 however it printed 53.3, its lowest ...
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Dollar falls after poor jobs data

05/10/2015 | OzForex

United States Dollar: Friday saw the monthly Non-Farm Payrolls miss target by some distance resulting in a sell-off of the greenback. With the markets expecting 201k jobs to be added for September the release showed only 142k, its worst reading since April and the second sub ...
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FX markets steady as all eyes turn to US jobs data

02/10/2015 | OzForex

United States Dollar: GBP/USD recovered off of the 1.5150 level yesterday and pushed slowly north throughout the day, reaching a high of 1.5180. Some solid offers in EUR/GBP as European manufacturing data printed shy of expectations and very slightly better than expected UK ...
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