Saturday, August 29, 2015

Forex Market Update : Epic Research Singapore

The dollar finished Friday’s session with weekly gains against the euro and the pound as U.S. stocks stabilized and a spate of strong U.S. economic data helped assuage investors’ fears of sustained market turmoil.

The WSJ Dollar Index BUXX, +0.27%  , a measure of the dollar’s strength against a basket of rivals, finished Friday’s session up 0.2% at 88.48.

The pound GBPUSD, -0.0714%  recently traded at $1.5390, down 0.1% from $1.5410 late Thursday in New York. The euro EURUSD, -0.5424%   traded at $1.1184 down 0.5% from $1.1242 late Thursday. The dollar USDJPY, +0.55%  traded at 121.34 yen, up 0.2% from ¥121.12 Thursday.

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