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Greek default averted for now but many questions remain unanswered

22/02/2012 |OzForex

:: United States Dollar: The greenback finished Tuesday unchanged or marginally higher against most of its major peers, with no major US data releases and market focus still heavily on Europe. GBP/USD lacked direction on the day, selling off to a low of 1.5773 despite a better than expected UK ...
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Deal reached overnight on second Greek bailout package

21/02/2012 |OzForex

:: United States Dollar: It was a quiet day for the USD yesterday, hardly surprising with most traders in the US away from their desks for Presidents day and the rest of the market awaiting any news regarding the second Greek bailout package. GBP/USD took its cue from EUR/USD on the day, moving ...
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Markets tentatively await ratification of Greek bailout deal

20/02/2012 |OzForex

:: United States Dollar: The USD had a mixed day on Friday, falling against most of its European area counterparts but performing well against the commodity dollar bloc. Sterling in particular performed well against the greenback, with cable rallying to a high of 1.5862 on the back of a ...
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NZD higher as RBNZ Governor says GDP could be as much as 10% understated

17/02/2012 |OzForex

:: United States Dollar: Hopes started to rise yesterday that a Greek deal was imminent. According to euro officials yesterday finance ministers in the EZ are ready to approve a second Greek bailout package by Monday. U.S. unemployment claims data and Philly Fed Manufacturing data came in better ...
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GBP/EUR rallies as BoE appear more hawkish on inflation and confidence in Greek deal falters

16/02/2012 |OzForex

:: United States Dollar: The Governor of the Bank of England announced yesterday that they expected inflation will decline towards 1.8% by 2014, not as low as its previous estimate for 1.3%. Investors got caught short in GBP/USD as they had expected a more dovish statement and estimate for ...
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Cable sells off in advance of the Bank of England's Inflation Report and Kings speech

15/02/2012 |OzForex

:: United States Dollar: UK inflation data printed as expected yesterday falling to 3.6% in January, down from 4.2% in December. The impact on GBP/USD was minimal. Cable did finish the day lower however as the negative Greek headlines continued to flow. Today's scheduled Eurogroup meeting has ...
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Moody''s downgrades and doubts over a Greek PSI deal weigh on risk sentiment

14/02/2012 |OzForex

:: United States Dollar: GBP/USD has drifted lower over the last 24 hours from 1.5820 to 1.5690. It opens this morning at 1.5725 ahead of important UK inflation data due for release at 9:30 this morning. The pair has fallen largely though as a result of Moody's (the ratings agency) putting the ...
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Greece vote sees austerity measures approved

13/02/2012 |OzForex

:: United States Dollar: The Pound sits lower against the Greenback this morning. Friday's session last week saw important releases on both sides of the pond, with one eye remaining on development in Greece. UK PPI figures showed a month on month increase, which was a vast improvement on ...
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GBP/AUD rallies by 1% as Chinese trade data shows that imports slowed in January

10/02/2012 |OzForex

:: United States Dollar: As expected the Bank of England left interest rates on hold and increased quantitative easing by £50 billion yesterday. Short positions were squeezed in GBP/USD as some investors had expected the central bank to increase QE by £75 billion and the pair ended ...
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Pension reform the sticking point as Greek government fails to agree entirely on budget cuts

09/02/2012 |OzForex

:: United States Dollar: After starting the day yesterday at 1.5920 GBP/USD has fallen over the last 24 hours to open this morning at 1.5840. It fell to a low of 1.5795 in Asia. Greek talks finished late last night. The coalition government failed to agree on budget cuts in order to meet the ...
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