Thursday, February 6, 2014

Epic Research Singapore : Forex Market Update

The dollar fell against the euro and yen on Wednesday as investors digested data on U.S. private-sector jobs and service-sector expansion in an effort to get a better sense of U.S. growth in 2014.Investors are also looking ahead to Thursday decisions from the Bank of England and European Central Bank.
A reading on the U.S. service sector showed a slightly faster pace of expansion in January, with the Institute for Supply Management’s nonmanufacturing index rising to 54% from 53% in December. The employment gauge hit its highest level in more than three years.

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