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Strong US jobs data on Friday sees USD open higher this morning

11/11/2013 | OzForex

United States Dollar: Volatility continued on Friday. The pound slipped under 1.6000 to a low of 1.5950 vs. the dollar after US non-farm payrolls printed better than market forecasts. The employment report showed that 204,000 jobs were created in the non-farming sector in ...
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Euro tumbles after ECB unexpectedly cuts interest rates

08/11/2013 | OzForex

United States Dollar: It was a volatile day yesterday. GBP/USD fell to a low of 1.6010 after the European Central Bank unexpectedly cut interest rates by 0.25% to 0.25%. It was dragged lower by heavy selling in EUR/USD. The Bank of England monetary policy announcement was a ...
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ECB Rate Decision in focus

07/11/2013 | OzForex

United States Dollar: The pound advanced yesterday following the release of more positive UK economic data. Manufacturing Production for September printed in line with expectations at 1.2% whilst industrial production for the same month increased 0.9% vs. expectations for 0.7%. ...
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Pound advances on strong Services PMI and ahead of manufacturing data

06/11/2013 | OzForex

United States Dollar: GBP/USD has bounced back above 1.60. Markets reacted to better than expected UK Services PMI data released yesterday morning which showed that the UK service sector grew at its fastest rate since 1997 – the index rose to 62.5 vs. forecasts for 60.4. ...
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GBP/USD remains under 1.60 in subdued trading

05/11/2013 | OzForex

United States Dollar: It’s been a steady start to the week so far and one in which we’ve seen mostly USD weakness. GBP/USD got a boost from better than expected October Construction PMI yesterday which rose to at its fastest pace since 2007 to 59.4 vs. forecasts for ...
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GBP/USD slips under 1.60 on strong US data and Fed comments

04/11/2013 | OzForex

United States Dollar: UK Manufacturing PMI printed slightly weaker than expected on Friday, but it was still a good number (or index) at 56.0. GBP/USD hugged 1.60 on the news and it remained well bid under the figure for most of the morning on Friday. That said, given the ...
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Euro tumbles following release of weak inflation and employment data

01/11/2013 | OzForex

United States Dollar: GBP/USD continues to find support at 1.60. The range has been fairly muted following the FOMC statement on Wednesday and there hasn’t been much economic data since for markets to focus on. That said Chicago PMI released yesterday afternoon printed ...
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USD strengthens as FOMC removes reference to "tighter financial conditions"

31/10/2013 | OzForex

United States Dollar: The FOMC didn’t surprise markets too much last night and opted to leave interest rates and the rate of QE unchanged. The statement did not change too much from September’s statement either. They did however drop reference to tighter financial ...
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Euro holds firm in run up to FOMC and busy calendar today

30/10/2013 | OzForex

United States Dollar: Risk sentiment has improved during the last 24 hours, this as the run of weak and recent US economic data leads markets to increasingly pare back expectations for Fed tapering. It means that the US central bank is likely to continue down its easing path. ...
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RBA governor Stevens talks down the Aussie dollar

29/10/2013 | OzForex

United States Dollar: It was a quiet start on the currency markets yesterday. GBP/USD spent most of the London session trading just shy of the 1.62 US cent level. It did briefly break it, trading to a high of 1.6205. The USD has strengthened overnight though; the move prompted ...
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