Tuesday, May 5, 2015

Forex Market Update : Epic Research Singapore

Rising Treasury yields and a mixed reading on eurozone manufacturing activity helped lift the dollar against the currencies of major developed countries within the G-10 Monday, but it traded lower against several emerging-market rivals.

The euro EURUSD, -0.10%  traded at $1.1151, compared with $1.1201 Friday. The pound GBPUSD, -0.02%  traded at $1.5118, compared with $1.5139. The dollar USDJPY, +0.00%  traded at ¥120.14, compared with ¥120.18. The Australian dollar AUDUSD, +0.20%  traded at 78.37 cents, compared with 78.51 cents. The Canadian dollar CADUSD, -0.17%  traded at 82.68 cents, compared with 82.25 cents.

Meanwhile, the dollar weakened against the Mexican peso MXNUSD, -0.14%  and the Russian ruble USDRUB, -0.13%

The ICE U.S. Dollar Index DXY, +0.09% a measure of the dollar’s strength against a basket of six rivals, was 0.1% higher at 95.4400.

Earlier in the session, Thailand’s baht THBUSD, -0.03%  fell to a five-year low against the dollar Monday after the Bank of Thailand cut interest rates last Wednesday.

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