Tuesday, February 2, 2016

Forex Market Update : Epic Research Singapore

The dollar weakened against the euro and pound Monday as a selloff in crude oil resumed after four sessions of gains.

The euro EURUSD, +0.1286%  traded at $1.0894 late Monday in New York, compared with $1.0831 late Friday in New York. The pound GBPUSD, +0.0277%  traded at $1.4433, compared with $1.4244.

Meanwhile, the dollar USDJPY, -0.14% traded at ¥121.07, little-changed from its late-Friday level.

Chinese yuan USDCNH, -0.0332% traded in the offshore market edged lower against the dollar after the data, but yuan traded onshore USDCNY, +0.0152%  was largely stable.

The ICE U.S. Dollar index DXY, -0.07% a measure of the buck’s strength against a basket of six rival currencies, was down 0.6% at 99.0020.

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