Forex Market Update : Epic Research Singapore

The dollar reversed earlier gains against most major currencies, with the exception of the yen, in the wake of minutes from the latest Federal Reserve meeting Wednesday that showed it would end its asset-purchasing program in October.

The ICE dollar index DXY -0.03%  , which measures the greenback against a basket of six rivals, fell to 80.032, compared with 80.176 late Tuesday.

Against the Japanese yen USDJPY -0.12%  , the dollar rose to ¥101.61 from ¥101.57 on Tuesday.

The euro EURUSD +0.04%   rose slightly to $1.364 from Tuesday’s level of $1.361.

The pound GBPUSD -0.03%   rose to $1.715, from $1.713 Tuesday, while the Australian dollar AUDUSD -0.14%   was trading at 94.13 U.S. cents, up from 93.99 U.S. cents.

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