Saturday, June 28, 2014

Forex Market Update : Epic Research Singapore

The dollar on Friday posted weekly losses against major rivals, with a popular gauge of the currency’s strength falling to its lowest level in more than five weeks.

The ICE dollar index DXY -0.24% , which pits the greenback against six other currencies, fell 0.39% for the week from $80.331 to $80.0410 on Friday. That’s the lowest level since May 21, according to FactSet data. The WSJ Dollar Index DXY -0.24% , an alternate gauge of dollar strength, fell to 72.74 from 73.07 a week ago.

The dollar USDJPY -0.3418%  fell 0.69% to ¥101.42 Friday from ¥102.07 a week ago after a slew of economic data.The euro EURUSD +0.2692%  moved up 0.24% to $1.3630 from $1.3597 a week ago. 
                                     
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