The U.S. dollar fell against the euro and the yen Tuesday.The dollar USDCAD, -0.0883% bought C$1.36 late Tuesday in New York. The Canadian dollar fell to it weakest level since 2004 in early trade.
“Everyone is speculating what happens with the Fed and how low commodities will fall. Currency action is mostly about positioning, rather than fundamentals at this point,” Cieszynski said.
Meanwhile, the euro EURUSD, +0.1653% continued to show resilience against the dollar, trading higher at $1.0893 late Tuesday in New York.
The dollar USDJPY, -0.15% fell to ¥122.95 by late Tuesday from ¥123.29 late Monday in New York, according to FactSet.
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
0 comments:
Post a Comment