Wednesday, December 31, 2014

Forex Market Update : Epic Research Singapore

The dollar lost ground versus the Japanese yen Tuesday, giving back recent gains as an upbeat year for the U.S. currency draws to a close.

Versus the yen, the dollar USDJPY, +0.16%  traded at ¥119.56 from ¥120.69 late Monday in New York. The U.S. currency has climbed 13.6% against the Japanese currency this year.

The euro EURUSD, +0.01%  meanwhile continued to plumb two-year lows versus the dollar, fetching $1.2155 in recent action, little changed from $1.2153 late on Monday. It has slumped 11.6% against the greenback this year.

The pound GBPUSD, +0.01%  exchanged hands at $1.5555, compared with $1.5518 on Monday.

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