Wednesday, January 28, 2015

Forex Market Update : Epic Research Singapore

The U.S. dollar weakened against its main rivals Tuesday after the Commerce Department said durable-goods orders were surprisingly weak in December.

The euro EURUSD, -0.36% climbed to $1.1351, from $1.1239 late Monday.

The dollar traded at USDJPY, +0.23%  to ¥117.81, compared with ¥118.48 late Monday in New York.

The franc fell to its lowest level since the SNB ditched the trading cap. The euro EURCHF, -0.07% traded as high as 1.0381 francs, from 1.0150 earlier in European trading. The shared currency was worth 1.0258 francs in recent trade. The dollar USDCHF, +0.28%  rose to 0.9042 francs, up from 0.9030 late Monday.

In other currencies, the pound GBPUSD, -0.24%  rose to $1.5192 after the durable-goods orders data.

The ICE U.S. Dollar Index, DXY, +0.24%   a measure of the dollar’s value against a basket of six trade-weighted currencies, was down 0.76% to 94.0860.

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