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Range bound action expected today ahead of this weekend’s G20 meeting

24/02/2012 |OzForex

:: United States Dollar: Improved risk appetite meant that the USD traded broadly lower against most of its counterparts on Thursday. A good initial jobless claims number from the US buoyed investor optimism, sending flows out of the greenback into more risky assets. Sterling strengthened ...
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Sterling suffers on surprisingly dovish Bank of England minutes

23/02/2012 |OzForex

:: United States Dollar: The USD strengthened against the majority of its major counterparts yesterday as risky FX struggled. In particular GBP/USD fell heavily after the release of minutes from the most recent Bank of England monetary policy meeting indicated that two members had voted for ...
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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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