Forex Market Update : Epic Research Singapore

The dollar finished higher against its main rivals Wednesday for the second session in a row after the People’s Bank of China injected 140 billion yuan into the country’s financial system — a move that helped boost U.S. stocks, which had endured sharp declines in recent days.

The WSJ dollar index BUXX, -0.15% a broad measure of the dollar’s strength, was up 0.9% to 88.07, on track to rise for a second consecutive session.

The euro EURUSD, +0.3270%  is down 1.1% to $1.1398 Wednesday. The shared currency has fallen 0.1% against the dollar since the beginning of the week.

Against the Japanese yen USDJPY, +0.12% the dollar gained nearly 0.4% to trade at ¥119.10. The British pound GBPUSD, +0.2716%  shed 0.7% to $1.5573.

Meanwhile, the dollar retreated against most emerging-markets currencies for a second session. Though the Brazilian real USDBRL, -0.0111%  hit another record low against the dollar, while the Indonesian rupiah USDIDR, +0.09%  fell to its lowest level against the buck since the late 90s.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg