Saturday, May 24, 2014

Epic Research Singapore : Forex Market Update

The dollar rose Friday, notching weekly gains against the euro, yen and Australian dollar.
Sales of new single-family homes rose 6.4% in April to an annual rate of 433,000, beating economist expectations. 

The euro EURUSD -0.1913%  fell to $1.3630 from $1.3654 late Thursday, for a weekly loss of 0.5%. That’s the third consecutive weekly loss for the euro against the dollar.

In other trade, the British pound GBPUSD -0.2349%  fell to $1.6826 from $1.6869 late Thursday, but still gained 0.1% for the week. 
The dollar USDJPY +0.2221%  rose to 101.97 yen from ¥101.73. For the week, the dollar is up 0.4% against the yen. Bank of Japan Gov. Haruhiko Kuroda told The Wall Street Journal he doesn’t expect the yen to appreciate.

The Australian dollar AUDUSD +0.0585%  traded at 92.32 U.S. cents versus 92.24 U.S. cents late Thursday, for a weekly loss of 1.4%. 

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