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UK banks set to learn new capital requirements

27/03/2013 | OzForex

United States Dollar: It’s been a quiet last 24 hours in the FX market. Cable has traded a range between 1.5135 and 1.5167 since early afternoon yesterday with investors seemingly taking a breather after the Cyprus deal came through over the weekend. Markets are now ...
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Dutch PM''s comments dent the euro

26/03/2013 | OzForex

United States Dollar: The pound has been steady these last 24 hours as cable takes a back seat amid developments in Brussels and Cyprus. After trading up towards 1.5260 early on in the week GBP/USD has settled lower overnight and opens the London session at 1.5180. Markets have ...
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Done deal on Cyprus lifts market sentiment for now

25/03/2013 | OzForex

United States Dollar: The pound pushed through 1.5200 late on Friday shrugging off the news that Fitch, the ratings agency, had put the UK on negative outlook. Given that Moody’s has already acted to downgrade the country’s rating it came as no great surprise to ...
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EU issues ultimatum; Cyprus/Russia negotiations fail…

22/03/2013 | OzForex

United States Dollar While short-term resistance levels remain intact for now, and other majors are marginally softer this morning, Sterling continues to push higher against the US Dollar. While the budget undermined sentiment – Mr Osborne was quoted yesterday ...
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From Ireland to Greece, austerity turns into competitiveness...

21/03/2013 | OzForex

United States Dollar Cable did test upside resistance yesterday, but the move proved unsustainable and the pair is trading back where it started this morning – circa 1.5125. Cyprus took a backseat as headlines became dominated by the UK’s ...
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Cypriot 'bail-in rejected by nations Parliament...

20/03/2013 | OzForex

United States Dollar Cable consolidated yesterday and continues to hold around 1.510 this morning. Markets will experience major event risk over the coming 24 hours, and significant volatility is likely. Inflation data released yesterday from the UK was generally ...
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Is the threat of contagion back?

19/03/2013 | OzForex

United States Dollar Cable consolidated yesterday and held firm around 1.510 through most of the day, and this morning. Sterling managed to hold onto recent gains as it appeared to be a major beneficiary of safe haven flows diversifying out of the Euro. With little data to ...
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Cypriot bailout roils markets...

18/03/2013 | OzForex

United States Dollar Market dynamics appeared to be changing as markets shifted onto a more optimistic footing, but developments in Cyprus now look set to reignite the Euro-crises. The month of March had bought consolidation, but this may now revert back to the hugely ...
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GBP rallies above 1.51 vs. the USD, a 200 point move on yesterday

15/03/2013 | OzForex

United States Dollar: Cable rallied yesterday as North America came online although US data wasn’t the catalyst. After weeks of building up short GBP positions investors’ took the opportunity to unwind as good demand for GBP vs. the scandi currencies and JPY ...
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Aussie dollar up on huge employment number

14/03/2013 | OzForex

United States Dollar: US retail sales beat expectations yesterday afternoon advancing 1.1% in February vs. forecasts for a 0.5% rise. It was the strongest print in five months and the USD reacted positively against most currencies, all expect the pound. After haemorrhaging ...
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