Forex Market Update : Epic Research Singapore

The U.S. dollar finished the week essentially flat against the euro on Friday after depreciating earlier in the week as investors braced for an expansion of the European Central Bank’s stimulus program.

The dollar weakened during the Asia trading session, falling to ¥118.06 overnight, its lowest level since Aug. 24., when global markets were roiled by economic worries about China. But it trimmed its losses in recent trade. One dollar was worth USDJPY, +0.48%  ¥119.50 late Friday in New York, down 0.7% from ¥120.23 a week ago.

The euro EURUSD, -0.2987%  traded at $1.1369 late Friday, little-changed from $1.1356 a week ago.

The ICE U.S. Dollar Index DXY, +0.31% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.2% on the week to 94.6660.

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