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EUR starts the week firmer on Greek pro-bailout party election victory

18/06/2012 | OzForex

United States Dollar: Sterling fell to a low of 1.5475 during early London dealing on Friday as traders digested Bank of England Governor King's dovish Mansion House speech and the subsequent announcement of an emergency liquidity package to cushion shocks to the UK banking ...
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Weekend elections in Greece set to dominate FX today

15/06/2012 | OzForex

United States Dollar: Strong corporate demand below 1.5500 was enough to push the GBP/USD pair to a morning high just shy of 1.5550 on Thursday as investors awaited Bank of England Governor King’s Mansion House speech for more clues on the central bank’s QE plans. ...
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Market focus on this morning''s Italian bond auction

14/06/2012 | OzForex

United States Dollar: GBP/USD twice failed to breach the 1.5600 level before consolidating lower yesterday as the pound underperformed across the board. There was no UK economic data released on Wednesday and so the main driver for cable continued to be news flow out of Europe, ...
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Rising Spanish and Italian bond yields pressure EUR lower

13/06/2012 | OzForex

United States Dollar: Sterling performed well against the USD yesterday, ending the day around 1.5575 having been as low as 1.5452 during early London dealing. Gains in cable were helped by the move higher in the GBP/EUR pair but the pound’s resilience on the day was ...
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Euro sell off resumes as Spanish bailout fails to convince investors

12/06/2012 | OzForex

United States Dollar: The risk rally that was fuelled by the weekend news of the Spanish banking sector bailout pushed GBP/USD to a high of 1.5582 during early London dealing on Monday, but cable finished the day well off these highs as the classic “buy the rumour, sell ...
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Spanish bank aid improves risk short term

11/06/2012 | OzForex

:: United States Dollar: Fallout from Fed Chairman Bernanke’s disappointing testimony to US lawmakers and Fitch’s downgrade of Spain on Thursday made for a “risk off” morning of trading on Friday as European equities, oil and US treasury yields all fell as investors ...
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Bank of England decision overshadowed by surprise Chinese rate cut

08/06/2012 | OzForex

United States Dollar: As widely expected the Bank of England kept their benchmark interest rate on hold at a record low of 0.5% and opted not to extend its asset purchase program on Thursday, sending GBP/USD to 1.5601, the highest level that sterling has been against the USD ...
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GBP in focus ahead of Bank of England rate decision today

07/06/2012 | OzForex

United States Dollar: GBP/USD benefitted from an improvement in risk sentiment during early dealing on Wednesday as UK traders returned to their desks after their 4 day weekend, trading to a midday high of 1.5515 before consolidating around the 1.5475 area for the rest of the ...
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All eyes on ECB interest rate decision today

06/06/2012 | OzForex

United States Dollar: Price action in GBP/USD remained subdued on Tuesday as UK markets remained closed on account of the Jubilee bank holiday celebrations and the lack of tier 1 economic data didn''t help matters. USD strength during the morning session pushed cable down ...
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Short covering rally takes EUR off its lows against USD and GBP

05/06/2012 | OzForex

United States Dollar: Economic data from the world's largest economy continued to disappoint investors on Monday as US factory order numbers were shown to have declined for the second consecutive month in April, leaving some leading analysts to downgrade their expectations for ...
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