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Dollar sold on less hawkish Yellen comments

18/06/2015 | OzForex

United States Dollar: GBP/USD pushed higher again yesterday on the back of better than expected average earnings data from the UK. Wage growth accelerated by 2.7% vs. expectations for 2.5%. The unemployment rate printed at 5.5% as expected and MPC votes showed that Bank of ...
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Volatility, volatility and more volatility

17/06/2015 | OzForex

United States Dollar: UK headline CPI for May printed in line with market expectations yesterday showing that prices rose at an annual rate of 0.1%. It’s better than last month’s negative headline but all other inflation indicators including producer prices, the ...
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GBP/USD trades up through 1.56 despite negative Greece headlines

16/06/2015 | OzForex

United States Dollar: GBP/USD has pushed gradually higher over the last 24 hours, this despite ongoing and growing concerns for Greece’s future in the Eurozone. The pair dipped briefly below 1.55 yesterday morning, but helped by weaker than expected U.S. economic data ...
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Daily Forex Commentary

15/06/2015 | OzForex

United States Dollar: The pound has fallen back slightly since Friday after Standard & Poor’s downgraded its outlook on the UK’s sovereign rating to “negative” from “stable”. The ratings agency went on to state that “we believe ...
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Grexit moves closer as IMF walk out of talks

12/06/2015 | OzForex

United States Dollar: It was good day on the data-front from the States yesterday as Retail Sales beat forecast after Mays lacklustre numbers. The core reading showed 1% monthly growth and the overall reading 1.2% however USD reaction to the positive numbers was a little ...
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Kiwi slumps as the RBNZ cut interest rates

11/06/2015 | OzForex

United States Dollar: It was another volatile trading session yesterday. To start with, Bank of Japan Governor Kuroda was speaking in parliament and referring to the value of the Yen, said “generally and theoretically speaking, the fact that the real-effective exchange ...
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Euro rallies this morning as German 10 year bund yields hit 1.0%

10/06/2015 | OzForex

United States Dollar: The focus again yesterday was on Greece. A source early on quoted officials as saying that new Greek plans were not enough. Greek PM Tsipras is due to meet with Angela Merkel again today but time is ticking and the longer this back-and forth continues, ...
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Dollar weakness sparked by supposed Obama comments

09/06/2015 | OzForex

United States Dollar: The dollar dropped across the board on Monday, erasing the post non-farm payroll gains on Friday. According to a French journalist yesterday, US President Obama said that the strong US dollar was a problem and although this comment was later denied by US ...
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US Non-Farms beat forecast

08/06/2015 | OzForex

United States Dollar: Friday saw the latest Non-Farm Payrolls data from the States with another strong result seen. Expectations of a circa 220k increase in employment were smashed as May printed 280k. Cable had been trading at 1.5340 before the release dropped to briefly ...
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EUR/USD volatility continues as Greek debt repayment is delayed

05/06/2015 | OzForex

United States Dollar: Cable rallied yesterday morning as the Greek saga played out. The pair pretty much followed in the shadows of EUR/USD, if perhaps a bit reluctantly. German bunds rallied as investors grew more and more confident that a deal on Greece was imminent ...
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