Tuesday, September 8, 2015

Forex Market Update : Epic Research Singapore

The dollar rose across the board on Monday, as earlier gains in Asian markets prompted investors to pull out of the perceived safety of the Japanese currency.

The Shanghai Composite SHCOMP, -1.38%  moved between losses and gains on Monday, ultimately closing down 2.5%.

The U.S. dollar USDJPY, -0.30%  rose to ¥119.30, compared with ¥119.05 late Friday in New York. The Japanese currency was also lower against the euro EURJPY, +0.11%  , which rose to ¥132.99 from ¥132.66 late Friday.

The Japanese currency was also weaker against the commodities- and resources-linked Australian dollar AUDJPY, +0.08%  , which gained to ¥82.59 midday from ¥82.20. The U.K. pound GBPJPY, -0.10%  rose to ¥181.33, from ¥180.48.

The U.S. dollar was slightly higher against the euro EURUSD, +0.4118% which was at $1.1146 from $1.1138 late in New York on Friday.

The WSJ Dollar Index BUXX, -0.30%  , a measure of the U.S. dollar against a basket of major currencies, was up 0.08% at 89.04.

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