Saturday, April 19, 2014

Epic Research Singapore : Forex Market Update

The dollar rose against the Japanese yen Thursday after a round of positive U.S. data in a holiday-shortened week.  


The U.S. stock market is closed on Friday for the Good Friday holiday.

The dollar USDJPY +0.04%  rose to ¥102.42 from ¥102.24 late Wednesday. Japan downgraded its view on the economy on Thursday, spurred by a decline in consumer spending that was visible after the sales-tax hike went into effect April.

The Australian dollar AUDUSD -0.03% fell to 93.22 U.S. cents from 93.71 U.S. cents late Wednesday.

The euro EURUSD +0.01%  was unchanged at $1.3815 from late Wednesday. Producer prices in Germany fell 0.9% in March from a year earlier, notching a bigger decline than had been expected, and becoming the latest data report to highlight the weak level of inflation in the euro zone.

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