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Market begins to position itself ahead of FOMC meeting on Wednesday
26/04/2011 |OzForex
:: United States Dollar: Easter Monday was an extremely quiet day in the FX markets with a noticeable lack of market participation, as most currency pairs traded sideways in illiquid conditions. The USD sell off continued in many pairs, in particular USD/CHF hit another record low. GBP/USD ...
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Another quiet day ahead in the FX markets
25/04/2011 |OzForex
:: United States Dollar: As expected, Friday was a very quiet day in the FX markets with most currencies ending the day unchanged against the greenback. Price action in GBP/USD was mostly flat, with the pair reaching an intra-day high of 1.6570 in thin trading conditions and with such conditions ...
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GBP/USD well supported above 1.6500. Quiet day ahead
22/04/2011 |OzForex
:: United States Dollar: The pound rallied against the US dollar yesterday. It triggered stops through 1.6500 and came close to breaking the 1.6600 figure at one stage. It remains strong this morning and opens at 1.6529. The pound was also supported by the release of better than expected retail ...
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USD weakness across the board; AUD/USD keeps moving higher
21/04/2011 |OzForex
:: United States Dollar: The greenback continued to look vulnerable yesterday, falling across the board; in particular it hit fresh record lows against the CHF and AUD, along with 3 year lows against the CAD and NZD. Investors currently see little reason to buy US Dollars, with fundamental ...
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AUD/USD continues to defy gravity; Sterling traders await MPC minutes
20/04/2011 |OzForex
:: United States Dollar: Despite stronger housing market data out of the US and some strong corporate earnings figures, Tuesday saw the USD finish the day lower against the majority of its counterparts. After the S&P US sovereign debt outlook downgrade on Monday, investors were clearly still ...
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Greek debt restructuring remains in focus; Standard & Poor''s cut outlook for US sovereign debt
19/04/2011 |OzForex
:: United States Dollar: Europe wasn’t the only place suffering from sovereign debt concerns yesterday, as the ratings agency Standard & Poor’s maintained its credit rating for the US, but downgraded the nations sovereign debt outlook from “stable” to ...
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China raises reserve requirements by a further 50bps
18/04/2011 |OzForex
:: United States Dollar: Despite firmer than expected US economic releases on Friday, most notably core CPI data, and more hawkish comments from Fed officials, the USD continued to trade with underlying weakness against most of its counterparts. The GBP/USD pair reached an intra-day high of ...
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Euro remains firm despite negative attention on likely Greek debt restructuring
15/04/2011 |OzForex
:: United States Dollar: There was little in the way of market moving economic data from the UK on Thursday, however sterling was able to drive higher against the US dollar on the back of the better Nationwide Consumer Confidence release for March, making another break for the $1.6400 level but ...
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Cable tracks higher on overnight Nationwide Consumer Confidence data
14/04/2011 |OzForex
:: United States Dollar: It was a marginally better day for the greenback yesterday, supported by better than expected domestic economic data with US Retail Sales data showing positive growth for the ninth consecutive month and an optimistic Beige Book report, though investors are likely to ...
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Sterling falls sharply as UK inflation looks to have peaked
13/04/2011 |OzForex
:: United States Dollar: The USD managed to post some decent gains against the AUD, CAD, and GBP yesterday. In the latter case weaker than expected economic data saw GBP/USD slide sharply, hitting an intra-day low of $1.6225 due to a combination of the poor BRC Retail Sales report and ...
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