Wednesday, March 11, 2015

Forex Market Update : Epic Research Singapore

The dollar rose against five of its six rival G-10 currencies Tuesday as investors worried that the Fed could raise rates prematurely, and that negotiations between Greece and its creditors could capsize.

The ICE U.S. Dollar Index DXY, +0.09%  , a measure of the buck’s strength against a basket of six rival currencies, rose 1.1% to 98.62, as U.S. stocks plummeted, with the Dow Jones Industrial Average seeing its worst day since Oct. 9.

The euro EURUSD, -0.10% traded at $1.0700 Tuesday evening, a level not seen since April 2003. That compares with $1.0853 late Monday in New York.

The greenback traded at ¥121.13, after rising to ¥122.01 during the European trading day, its highest level against the Japanese yen USDJPY, +0.17% since July 2007. The dollar bought ¥121.15 late Monday.

Meanwhile, the dollar traded at $1.50 to the pound GBPUSD, +0.09% compared with $1.51 Monday; at 8.56 krona USDSEK, +0.14%  to the dollar, compared with 8.49; at 0.9994 franc USDCHF, -0.07%  to the dollar, versus 0.9864 and 78.79 cents to the Canadian dollar CADUSD, -0.02%  , up from 79.21.

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