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Dollar stronger ahead of Non-Farm Payrolls

01/08/2014 | OzForex

United States Dollar: After a bit of a blip post FOMC statement the USD has strengthened again. There wasn’t much by way of any supporting U.S. economic data yesterday. In fact, Chicago PMI printed weaker than forecasts but despite this GBP/USD fell to a low of 1.6858. ...
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FOMC statement disappoints but US GDP doesn''t

31/07/2014 | OzForex

United States Dollar: It was a risk off morning yesterday. The dollar strengthened and GBP/USD meandered lower as investors keenly awaited a plethora of data and market moving events from the States. US ADP Non-Farm Employment Change was first up and printed weaker than ...
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GBP/USD under pressure ahead of a busy day for US news and data

30/07/2014 | OzForex

United States Dollar: The pound fell on Tuesday after UK consumer credit data printed weaker than expected. Mortgage approvals, released at the same time, were a little better than expected, but the news was shrugged off as investors sold GBP vs. both the USD and EUR. Month ...
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FX markets steady ahead of US FOMC statement

29/07/2014 | OzForex

United States Dollar: It was another slow start to the week this week. GBP/USD started the day at 1.6980 and popped to a high of 1.6999 as the dollar softened throughout the day. The weak set of U.S. pending home sales data weighed on the dollar, with the index declining ...
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USD strengthens as risk aversion spreads through markets

28/07/2014 | OzForex

United States Dollar: GBP/USD has consolidated under the 1.70 level since Friday. The pound got a slight boost on the day after UK GDP data printed in line with market expectations. Although it didn’t come as a surprise it confirms that the UK economy has recovered all ...
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GBP/USD struggles under 1.70 ahead of GDP data

25/07/2014 | OzForex

United States Dollar: The pound fell again on Thursday after UK retail sales printed weaker than expectations, rising by only 0.1% in June from May vs. 0.2% exp. With the less than hawkish MPC minutes still fresh in investors’ minds, GBP/USD went on to fall below 1.70, ...
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Kiwi gaps lower despite RBNZ rate hike overnight

24/07/2014 | OzForex

United States Dollar: The pound dropped yesterday after the Bank of England minutes showed that MPC members voted unanimously to keep interest rates on hold at their last meeting. The Committee also said that they had no pre-set view on the timing for a rate rise and it will ...
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Steady ranges ensue as caution prevails in FX markets

22/07/2014 | OzForex

United States Dollar: It was a very quiet start to the week in FX markets. GBP/USD drifted lower during the morning session but found good buying support at and around 1.7050. Risk was off for most of the morning as investors took a cautious approach to trading post the ...
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Geopolitics dominate the headlines in FX markets

21/07/2014 | OzForex

United States Dollar: Risk sentiment waned on Friday as violence in Gaza escalated and geopolitical tensions intensified following the Malaysian airways crash. There were also some rumours doing the rounds on Friday that BoE Governor Carney gave an interview to a weekend paper ...
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Risk off after Malaysian plane shot down over Ukraine

18/07/2014 | OzForex

United States Dollar: There was little data from the UK yesterday so investors took time to digest the CPI and wage data from earlier in the week and decided to cash in on sterling strength. Profit taking saw cable slip from 1.7140 first thing yesterday to a low of 1.7085. It ...
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