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Euro falls as Greek debt talks collapse

17/02/2015 | OzForex

United States Dollar: It was a relatively quiet start to the trading week yesterday with America enjoying a day off work due to the Presidents Day national holiday. Cable started the London session around 1.5430 but fell throughout the day as ongoing worries about Greece saw ...
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FX markets steady as US traders enjoy long weekend

16/02/2015 | OzForex

United States Dollar: The dollar weakened across the board during the afternoon session on Friday and it continued to drop overnight. Data on Friday showed that US consumer sentiment fell in February, dropping to 93.6 vs. expectations for 98.2. There wasn’t much by way ...
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Pound rises on BoE Inflation Report

13/02/2015 | OzForex

United States Dollar: The pound rose yesterday on the back of the release of the latest Inflation Report from the Bank of England. The report stated that UK inflation could briefly dip into negative territory over the next few months before turning positive later in the year. ...
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GBP bumps higher this morning in advance of BOE Inflation Report

12/02/2015 | OzForex

United States Dollar: GBP/USD came close to breaking through 1.53 yesterday but failed and promptly tumbled during the late afternoon session. The dollar was generally stronger in New York as various technical levels in USD/JPY were knocked out. There wasn’t much by ...
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GBP steady ahead of UK manufacturing data

10/02/2015 | OzForex

United States Dollar: It was a fairly quiet day in FX markets on Monday. There weren’t any significant economic data releases and investors took somewhat of a breather following the post non-farm payrolls volatility on Friday. There are still concerns for what lies ...
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Dollar strengthens after solid US jobs report

09/02/2015 | OzForex

United States Dollar: The main market event on Friday was US Non-Farm Payrolls. In advance of the release, GBP/USD made steady gains and traded to a high of 1.5350 at around midday. It then gapped lower following the stronger than expected jobs data at 1:30. The report ...
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Euro bumps higher on reports of SNB intervention

06/02/2015 | OzForex

United States Dollar: EUR/USD bounced back yesterday on the back of rumours that the SNB was buying EUR/USD and USD/CHF in an attempt to weaken the value of the Swiss franc. GBP/USD was dragged higher by EUR/USD, steadily rising from 1.5195 to a high of 1.5341 over the day. ...
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Euro slides as ECB revoke waiver on Greek government debt being used as collateral

05/02/2015 | OzForex

United States Dollar: UK services PMI for January printed stronger than expected yesterday morning. The purchasing managers’ index rose to 57.2 in January, up from a 17 month low of 55.8 in December and beating forecasts for 56.6. GBP/USD made steady gains on the back ...
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Dollar weakens as investors lock in profits

04/02/2015 | OzForex

United States Dollar: The dollar was sold off yesterday and gave up quite a lot of its gains from the previous few weeks. There was no particular fundamental catalyst for the move. Moreover, a few technical levels were tripped in EUR/USD which sparked a splurge of short ...
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RBA rate cut sends Aussie lower

03/02/2015 | OzForex

United States Dollar: It was a solid start to the week for the pound as the monthly Manufacturing PMI slightly beat expectations yesterday printing 53.0 slightly up from last month’s 52.7 and better than the 52.9 forecast. The report cited the sector had benefitted from ...
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