Thursday, April 17, 2014

Epic Research Singapore : Forex Market Update

The dollar rose against the yen Wednesday after a better-than-expected reading on U.S. industrial production in March suggested the economic recovery is strengthening.

The dollar USDJPY -0.22%  rose to ¥102.24 from ¥101.89.

The Australian dollar AUDUSD -0.11%  rose to 93.71 from 93.57 U.S. cents.

The euro EURUSD +0.18% was little changed at $1.3815 versus $1.3812 late Tuesday. European-Union consumer prices in March rose 0.5% from a year earlier, marking the lowest annual rate since November 2009.

The British pound GBPUSD +0.20%  rose to $1.6797 from $1.6723 late Tuesday. The U.K. unemployment rate was an average of 6.9% between December and February, falling from 7.1% in the prior three months.

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