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Euro shrugs off weak inflation and pushes higher again

11/04/2014 | OzForex

United States Dollar: GBP/USD fell back from the 1.68 level yesterday, this after trading to a post FOMC high of 1.6819. It traded to a low of 1.6757, having been largely unaffected by the BoE monetary policy announcement yesterday. As expected, the central bank left interest ...
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Dollar weakens on FOMC minutes

10/04/2014 | OzForex

United States Dollar: FX markets were generally steady in the run up to the FOMC meeting minutes last evening. Cable struggled to make it through 1.6760 and fell no lower than 1.6725, still riding high following the strong UK manufacturing data released a day earlier. The FOMC ...
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Strong economic data continues to support the pound

09/04/2014 | OzForex

United States Dollar: UK Manufacturing and Industrial Production data both printed stronger than expectations yesterday morning, coming in at 1.0% and 0.9% m/m respectively for March. They were very impressive numbers and will serve to boost expectations for an early rate hike ...
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Pound pops higher after strong manufacturing data

08/04/2014 | OzForex

United States Dollar: It was a steady start to the day yesterday in FX markets, amid a lack of any top tier economic data. Things soon got going in the afternoon though as rhetoric from various ECB officials supported bids in EUR/USD, dragging GBP/USD with it. Whilst this was ...
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GBP/USD steady as US jobs data prints in line

07/04/2014 | OzForex

United States Dollar: US Non-Farm Payrolls printed slightly weaker than expected on Friday, showing that employers added 192,000 jobs to their payrolls in March (vs. expectations for 199,000). Markets were hopeful for a rebound in the jobs numbers as the bad weather lifted in ...
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Draghi''s dovish statement weighs on the euro

04/04/2014 | OzForex

United States Dollar: The pound slumped yesterday following the release of weaker than expected UK Services PMI. The data showed that the UK service sector grew at its slowest rate in nine months in March with the index printing at 57.6 vs. 58.2. Cable fell towards 1.66 on the ...
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Euro on the back foot ahead of ECB decision

03/04/2014 | OzForex

United States Dollar: UK Construction PMI printed slightly weaker than market expectations yesterday but it didn’t have much of a negative impact on the pound. The 62.5 reading in the index shows that confidence in the sector remains sky-high. As the floods receded in ...
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UK PMIs continue to show solid growth

02/04/2014 | OzForex

United States Dollar: The big release yesterday from the UK was the monthly Manufacturing PMI which came in at a slightly under-par 55.3 (exp 56.7). Sterling slipped a little on the release falling back from 1.6655 to a session low of 1.6618. Although this was the fourth ...
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Euro up despite the weak inflation headline

01/04/2014 | OzForex

United States Dollar: GBP/USD was steady throughout much of the morning session yesterday. It dipped to a low of 1.6615 in the mid-afternoon but quickly bounced thereafter in response to what seemed to be dovish comments from Fed Chair Yellen. Although she said nothing much new ...
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Euro recovers ahead of this morning''s inflation data

31/03/2014 | OzForex

United States Dollar: UK Current Account data printed much weaker than forecasts on Friday. In fact, it was the second widest deficit on record at £22.4 billion in the October-December quarter, largely a result of an increase in foreign investment earnings leaving the ...
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