Thursday, October 30, 2014

Forex Market Update : Epic Research Singapore

The U.S. dollar surged against its key rivals on Wednesday after the Federal Reserve said it would conclude its bond-buying stimulus program and expressed an optimistic tone about the economy.

The dollar USDJPY, +0.12%  was at ¥108.83 up from ¥108.13 just before the Fed decision, and ¥108.16 late Tuesday.

The euro EURUSD, -0.15%  was at $1.2642, down sharply from $1.2734.

The WSJ Dollar Index BUXX, +0.14%  , a measure of the dollar against a basket of major currencies, was up 0.7% at 77.90. The ICE Dollar index DXY, +0.17%  was at 85.979, versus 85.404 in the previous session.

The British pound GBPUSD, -0.19%  slipped to $1.6021 from $1.6137.

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