Forex Market Update : Epic Research Singapore

The dollar fell against the pound Thursday after the Bank of England took steps to strengthen rules on mortgage lending, and extended losses against the yen after U.S. economic data.

The pound GBPUSD +0.07%   rose to $1.7028 from $1.6983 late Wednesday.

The dollar USDJPY -0.28%   fell to ¥101.68 from ¥101.87 late Wednesday, with losses accelerating in the wake of the U.S. data.

The ICE dollar index DXY -0.12%  , a gauge of the currency’s strength against a basket of six rivals, was at 80.214 versus 80.210 late Wednesday. The euro EURUSD +0.11%  declined to $1.3611 from $1.3631 late Wednesday.

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