Forex Market Update : Epic Research Singapore

The euro fell to a 22-month low against the dollar on Thursday after comments on potential further easing by European Central Bank President Mario Draghi triggered selling, while the dollar retreated from earlier gains versus the Japanese yen.

The euro EURUSD, -0.02%  traded at $1.2749 in recent action, down from $1.2780 late Wednesday in New York. The shared currency had dropped as low as $1.2697 in earlier activity, it is the lowest level for the euro since November 2012.


The dollar lost ground versus the Japanese yen to trade at ¥108.75, down from ¥109.04, after touching ¥109.34, close to a six-year high last week.

The ICE dollar index DXY, +0.10%  , a measure of the currency against a basket of six major rivals, notched another four-year high and traded at 85.201 in recent action, up 0.2%. The WSJ Dollar Index BUXX, +0.11%  , a broader measure of the dollar against a basket of major currencies, was unchanged at 77.27.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg