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Poor performing Pound continues

26/05/2017 | OzForex

Sterling losses further ground against the US dollar. This follows Thursdays GDP latest from the UK as the second estimate failed to meet forecast. GDP growth quarter 1 2017 was revised 0.1 percentage point lower than the 0.3 percent expected as rising in
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Euro strength returns

25/05/2017 | OzForex

Cable opens today within recent ranges. UK data was thin on the ground Wednesday, which left traders and investors looking at the FOMC to offer guidance on movement. To summarise the FED minutes showed that the group are ready to hike interest rates in Ju
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Euro stumbles on mixed ECB views

24/05/2017 | OzForex

Sterling opens under the big 1.3000 versus the US Dollar. The currency pair also traded under this rate for the most of yesterday. Early in Tuesdays session, UK public sector net borrowing showed a red figure decreasing £23.4 billion to 48.7 billion in th
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Euro continues to gain ground

23/05/2017 | OzForex

Cable has traded within a narrow range the past 24 hours. As there was little macroeconomic data yesterday, neither the Pound or the Greenback has had much guidance for movement. Early Monday, the Pound did weaken after polls showed that the conservative
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Cable drops back below 1.3000

22/05/2017 | OzForex

Sterling yo-yos 1.3000 versus the US Dollar. The Pound had little macroeconomic data to feed off on Friday after breaking 1.3000 Thursday as retail sales figures exceeded expectation. UK Industrial orders was the only release of note Friday, as a low impa
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UK retail sales excite but pound hit by flash crash

19/05/2017 | OzForex

Yesterday saw the release of US jobless claims which unexpectedly fell last week. The number fell to 232,000 against an expected 240,000 and now the number of Americans who are receiving unemployment benefits is at a 28 year low. Philadelphia Fed Manufact
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Impeachment talk rattles US Dollar

18/05/2017 | OzForex

It is was not too long ago that President Donald Trump was stating that the dollar was getting too strong and ‘that’s partially my fault because people have confidence in me’. This certainly wasn’t the case yesterday as the dollar lost more and more groun
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Trump worries, CPI rallies, Euro rises

17/05/2017 | OzForex

Day three of the week and the US dollar weakness continues with the dollar losing ground across a host of currencies once again. It was the turn of US building permits and housing starts to disappoint today, both of which came in worse than expected.
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US Dollar battles against data

16/05/2017 | OzForex

It was a torrid day for the US dollar yesterday as it lost ground against a host of currencies. The dollar index, which is a measure of the currency’s strength against a basket of others dropped to 98.806 a decrease across the board of 0.1%.
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GBP/USD rises above 1.29

15/05/2017 | OzForex

There is an issue with the US dollar at the moment as US data and market expectations do not match up. There was a deluge of US data on Friday and all in all it was a mixed bag. US retail sales rose 0.4% for April but this was against an expectation of a
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