Friday, October 31, 2014

Forex Market Update : Epic Research Singapore

The U.S. dollar extended gains against rival currencies on Thursday, pushing a widely-watched gauge of the greenback’s strength near a four-year high.

The ICE Dollar index DXY, +0.05% a measure of the dollar against a basket of major currencies, edged up to 86.142 on Thursday, from 85.979 late Wednesday. The index closed in on its highest level since 2010. The dollar index hit 86.64 on Oct. 3.

The WSJ Dollar Index BUXX, +0.32% another gauge of the dollar’s strength, slipped slightly to 77.92.

The dollar USDJPY, +0.76%  was at ¥109.22 from ¥108.90 late Wednesday, while the euro EURUSD, -0.20%  slipped to $1.2611 from $1.2631. The British pound GBPUSD, -0.15% slipped to $1.6002 from $1.6021.

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