Friday, October 17, 2014

Forex Market Update : Epic Research Singapore

The dollar recovered against the yen and euro, but remained lower against most other rivals in relatively muted afternoon for currency traders on Thursday.

The ICE U.S. Dollar Index DXY, +0.00% a measure of the greenback’s strength against six rival currencies, traded at 84.9530 Thursday, compared to 85.1470 late Wednesday.

Trade in the euro Thursday was choppy, with the shared currency EURUSD, -0.12%  rising from $1.2770 to as high as $1.2835, before falling back to trade at $1.2804 Thursday afternoon, compared to $1.2816 late Wednesday.

The pound DXY, +0.00%  moved steadily higher against the dollar Thursday, trading at $1.6091, from $1.5989 late Wednesday.

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