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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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USD selling pushes GBP/USD towards 1.6100

12/09/2012 | OzForex

United States Dollar: The USD was weaker across the board on Tuesday, a consequence of investors positioning themselves ahead of tomorrow’s FOMC decision and an update from the ratings agency Moody’s who said that it would consider slashing the US rating if the ...
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GBP/USD consolidates around 1.6000 ahead of raft of risk events

11/09/2012 | OzForex

United States Dollar: GBP/USD has consolidated over the last 24 hours. It has traded a range between 1.5965 and 1.6025 and opens this morning towards the top end at 1.6020. Investors are hesitant to do much right now in advance of a host of upcoming risk events including ...
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GBP/USD trades through 1.6000 as weak US jobs numbers raises the prospect of QE3

10/09/2012 | OzForex

p>United States Dollar: Cable was well supported by better than expected UK PPI and manufacturing production data released on Friday morning. UK production rose 2.9% in July from June, the most in 25 years, owing in part to the extra public holiday taken for the Queen’s ...
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EUR rallies on ECB bond-buying plan

07/09/2012 | OzForex

United States Dollar: Thursday saw cable break to fresh 3-1/2 month highs of 1.5943 after tripping stops above 1.5920 as risky FX rallied higher alongside stocks in the wake of Draghi's press conference. As was widely expected the Bank of England kept rates and asset purchases ...
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ECB''s Draghi to take centre stage once more

06/09/2012 | OzForex

United States Dollar: Sterling rose to a 3-1/2 month high versus the US dollar yesterday, taking its cue from a buoyant euro which rose on hopes that the European Central Bank (ECB) will later today unveil a bond buying programme to cap Spanish and Italian borrowing costs. ...
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Strong UK services PMI sends GBP/USD back over 1.5900

05/09/2012 | OzForex

United States Dollar: GBP/USD rallied to a two-week high of 1.5910 yesterday as August UK services PMI data was inadvertently released 18 hours earlier than was officially scheduled, printing at 53.7 versus forecasts of 51.1 and subsequently posting its highest reading since ...
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US manufacturing data the focus today

04/09/2012 | OzForex

United States Dollar: Sterling rallied to a two-week high of 1.5906 versus the US dollar on Monday, with the UK currency buoyed by a much stronger than expected August manufacturing PMI survey which printed at 49.5 versus expectations of 46.0. Whilst the services PMI on ...
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GBP/USD trades close to 1.59 on better than expected UK manufacturing data

03/09/2012 | OzForex

United States Dollar: Cable traded to a high of 1.5896 on Friday as the USD was sold off in anticipation of Ben Bernanke's Jackson Hole speech. It's fair to say that there wasn't a great deal of new detail that the market could take away from the Fed Chairman's address, although ...
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Market cautiously awaits Bernanke

31/08/2012 | OzForex

United States Dollar: GBP/USD traded to a high of 1.5873 during early afternoon trading on Thursday but a well bid USD caused the pair fall back down through the 1.5800 handle to close the day just off its lows at 1.5785. The catalyst for the move lower in cable was the ...
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