Friday, April 15, 2016

Forex Market Update : Epic Research Singapore

The dollar halted a multisession advance against the euro on Thursday, a breather after the buck and U.S. stocks rallied sharply earlier in the week.

The shared currency EURUSD, -0.0621%  traded at $1.1270 late Thursday in New York, little-changed from its late Wednesday level — when the dollar scored its largest daily gain against its European rival in two months.

In other currency trading, the dollar weakened slightly against the yen USDJPY, +0.28%  , trading at ¥109.27 late Thursday in New York, compared with ¥109.43 late Wednesday. Meanwhile, the British pound GBPUSD, -0.0212%  weakened to $1.4157, compared with $1.4191.

The ICE U.S. Dollar index DXY, +0.02% a measure of the buck’s performance against a basket of six rivals, was up 0.2% at 94.8230, adding to its gains from earlier in the week.

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