Friday, January 23, 2015

Forex Market Update : Epic Research Singapore

European Central Bank President Mario Draghi’s Thursday announcement of a €60-billion-a-month government-bond buying program sent the euro tumbling to multiyear lows against its main rivals.

The euro EURUSD, -0.21% was worth $1.1349 in recent trade, its lowest level since September 2003, compared with $1.1588 late Wednesday in New York. The shared currency EURJPY, -0.16% traded at ¥134.54, its lowest level since November 2013, compared with ¥136.50 Wednesday. Meanwhile, the pound traded EURGBP, -0.09% at £0.7565, compared with £0.7660 Wednesday.

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