Thursday, August 21, 2014

Forex Market Update : Epic Research Singapore

The U.S. dollar rallied against key rivals on Wednesday after the Federal Reserve released meeting minutes suggesting the pace of labor-market gains is getting quicker.

The dollar bought 103.76 Japanese yen USDJPY, +0.10% on Wednesday jumping over ¥103 for the first time since April. The currency pairing traded at ¥102.91 late Tuesday.

The euro EURUSD, -0.10%   fell to $1.3264 on Wednesday from $1.3321 late Tuesday, closing firmly below $1.33.


The U.S. dollar index DXY, +0.12%  , which measures the greenback against key rivals, rose to 82.222 from 81.876 on Tuesday, marking a fresh 11-month high.

The British pound GBPUSD, -0.20%  changed hands at $1.6598, down from $1.6621. 

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