Forex Market Update : Epic Research Singapore

After briefly touching its highest level in more than a week, the euro slipped into negative territory against the dollar Thursday as European Central Bank President Mario Draghi left investors with few reasons to be bullish on the currency.

The shared currency EURUSD, +0.1152%  tumbled to $1.1293 late Thursday in New York, its weakest level since Monday, after earlier rising to a session high of $1.1397 as Draghi read his opening statement. Comparatively, the euro late Wednesday in New York stood at $1.1304.

The ICE U.S. Dollar index DXY, -0.14% a measure of the buck’s strength against six of its main rivals, was up 0.2% at 94.6540.

For the second time this week, the British pound showed unexpected resilience GBPUSD, +0.1606% in the face of weak economic data.

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