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Daily Forex Commentary

12/03/2010 | OzForex

:: United States Dollar: GBP/USD pushed higher yesterday morning. A large clearing bank was noted selling EUR/GBP which lifted Cable and other Pound cross rates mildly. A few minor stop loss orders were triggered along the way and GBP/USD ended up trading to a high of 1.5080 yesterday. It has ...
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Daily Forex Commentary

11/03/2010 | OzForex

:: United States Dollar: The dollar held firm against most of the majors yesterday, as investors continued to unwind risky trades. In the US, talk of a slowdown in output after the recent surge in restocking activity will weigh on growth in the medium to long term. After the factories switched the ...
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Daily Forex Commentary

10/03/2010 | OzForex

:: United States Dollar: The dollar strengthened yesterday on the back of risk unwinding. Yesterday was also the one year anniversary of the bear market lows on the equity indices. As a comparison, and to highlight the rally we’ve had since then, the Dow Jones Index was down at just 6513 (now ...
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Daily Forex Commentary

09/03/2010 | OzForex

:: United States Dollar: The dollar firmed over the course of trading yesterday, on the back of positive news from Fannie Mae and Freddie Mac, two US government sponsored enterprises who deal in US home loans. Spreads on bonds offered by these two agencies narrowed to 0.63% above 10 year ...
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Daily Forex Commentary

08/03/2010 | OzForex

:: United States Dollar: The dollar weakened slightly this morning after a string of positive news flows from Europe (see below). The story wasn’t as positive in the UK however, with continued talk of the possibility of a hung parliament in the upcoming elections. The Confederation of British ...
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Daily Forex Commentary

05/03/2010 | OzForex

:: United States Dollar: The dollar was slightly stronger yesterday on the back of profit taking in EUR/USD and GBP/USD trades, as well as slightly negative rhetoric from banking officials across the globe. In the UK, economists said that “we would still be in recession” if it was not for the Bank ...
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Daily Forex Commentary

04/03/2010 | OzForex

:: United States Dollar: The dollar retreated yesterday on the back of renewed risk buying and an improved global economic outlook. Better than expected economic data from both Europe and the UK added to already improving market sentiment, causing a shift from safe haven US Treasuries to riskier ...
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Daily Forex Commentary

03/03/2010 | OzForex

:: United States Dollar: The dollar finished lower against most of the majors yesterday as investors stood back and took stock of recent moves in the currency markets. Talk of further stimulus withdrawal measures from the Federal Reserve did little to boost demand for the dollar. Thomas Hoenig ...
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Daily Forex Commentary

02/03/2010 | OzForex

:: United States Dollar: Once again the dollar advanced against most of the majors on the back of risk selling. In the US, softer than expected data did not dampen demand for the world’s reserve currency, driving the dollar index (a trade weighted basket of currencies) towards 9 month highs above ...
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Daily Forex Commentary

01/03/2010 | OzForex

:: United States Dollar: Last week the dollar finished slightly stronger against most of the majors, but gave little away in terms of direction in the coming days. This week is a data heavy week in the States, and will likely provide some colour as to the direction of the US economy. Mixed press ...
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