Epic Research Singapore : Forex Market Update

U.S. stocks on Tuesday recovered from prior-day losses — the S&P 500 SPX +0.76% and Dow Jones Industrial Average DJIA +0.47%  closed Monday with the biggest drops since June 20 — and Treasurys fell.

The dollar USDJPY -0.24%  rose to ¥101.67 from ¥100.92 late Monday. The dollar fell below the ¥101 level in the prior session after data showed the U.S. manufacturing sector expanded at a sharply slower pace in January than expected, with manufacturers blaming unusually cold weather conditions for the decline. 
 
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