Forex Market Update : Epic Research Singapore

The dollar rallied after the head of the Federal Reserve suggested the central bank could accelerate plans to raise interest rates if the jobs market continues to improve more rapidly than anticipated.

The euro EURUSD -0.08%  traded at $1.357 Tuesday afternoon, down from $1.3619 late Monday. The dollar rose to 101.65 yen, USDJPY +0.06%  compared to ¥101.55 late Monday.

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