Saturday, January 24, 2015

Forex Market Update : Epic Research Singapore

The euro recorded its largest weekly decline against the dollar since September 2011 Friday.

The euro EURUSD, +0.00%  traded in a tight range around $1.2400 against the greenback after falling to $1.1115, its lowest level since September 2003. The shared currency traded at $1.1361 late Thursday. The euro EURJPY, +0.00%  also pulled back from ¥130.93, its lowest level against the Japanese yen since October 2013. The shared currency was worth ¥132.4500 in recent trade, EURJPY, +0.00% compared with ¥134.65 Thursday.

The aussie AUDUSD, +0.00% extended its declines from earlier in the week, falling to below 80 cents for the first time since July 2009. It was last trading at a session low of 79.13 cents, compared with about 80 cents Thursday.

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