Wednesday, May 7, 2014

Epic Research Singapore : Forex Market Update

The British pound took a run at $1.70 on Tuesday after strong service-sector data added to speculation that the Bank of England could be forced to raise interest rates sooner than expected.
 
The dollar USDJPY -0.20%  fell to ¥101.68 from ¥102.13 late Monday.

The ICE dollar index DXY -0.01% , which pits the greenback against a basket of six rivals, fell to 79.125 from 79.505 late Monday. The WSJ Dollar Index XX:BUXX -0.01% , which measures the dollar’s strength against a broader range of currencies, declined to 72.45 from 72.81. 

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