Saturday, May 3, 2014

Epic Research Singapore : Forex Market Update

The dollar gave up its gain against the yen Friday as the conflict in eastern Ukraine overshadowed U.S. employment data providing strong evidence that a labor-market recovery is underway.

The dollar USDJPY -0.14%  gave up earlier gains to trade at ¥102.22, down from ¥102.30 late Thursday. The greenback had pushed above ¥103 just after the jobs report was released.

The ICE dollar index DXY -0.01% , a gauge of the greenback’s strength against six other currencies, moved down to 79.510 from 79.524 late Thursday. The WSJ dollar index XX:BUXX -0.03% , another measure of dollar strength, was little-changed at 72.84 versus 72.85.  

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