Saturday, March 8, 2014

Epic Research Singapore : Forex Market Update

The dollar turned broadly higher Friday after data showed the U.S. economy in February added far more jobs than expected, providing a more upbeat read on economic growth this year.
The dollar USDJPY +0.20% rose to ¥103.28 from ¥103.13, off its intraday high of ¥103.76 in the wake of the jobs report. The dollar could go as high as ¥106 by the end of March.
The euro EURUSD +0.12% traded at $1.3873 versus $1.3865 late Thursday, giving up earlier gains that put the shared currency at its highest in nearly two and a half years. 

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