Saturday, June 20, 2015

Forex Market Update : Epic Research Singapore

The dollar ended the week nearly 0.7% lower against the euro on Friday, after the Federal Reserve’s rate-setting committee revealed that the central bank might not raise interest rates at its September meeting.

European Union leaders are scheduled to attend an emergency meeting on Monday.

The euro EURUSD, -0.0880%  traded at $1.1345, down from $1.1370 in New York late Thursday; the dollar USDJPY, -0.21% traded at 122.70 yen, down from ¥123.04; the pound GBPUSD, +0.0126%  traded at $1.5872, up from $1.5877.

The ICE U.S. Dollar Index DXY, +0.06% a measure of the dollar’s strength against a basket of six rival currencies, fell 0.9% this week to 94.1260.

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