Tuesday, May 6, 2014

Epic Research Singapore : Forex Market Update

The dollar was little-changed against major rivals Monday as investors continued to comb through economic data and speeches from central-bank officials to get a better sense of when the Federal Reserve could begin to raise interest rates.

The dollar USDJPY -0.13%  inched down to ¥102.13 from ¥102.22 late Friday. Japanese markets were closed Monday. 
The ICE dollar index DXY -0.08% , which measures the greenback against a basket of six currencies, was little changed at 79.505 from 79.510 late Friday. The WSJ Dollar Index XX:BUXX -0.07% , an alternate gauge of dollar strength, was at 72.81 versus 72.84. 
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