Thursday, May 12, 2016

Forex Market Update : Epic Research Singapore

A key gauge of the dollar’s strength on Wednesday logged its first daily drop in six sessions as the buck weakened against the euro and yen.

The ICE U.S. Dollar index DXY, +0.03% a measure of the dollar’s strength against a basket of six rival currencies that includes the euro and yen, was down 0.5% to 93.8100 late Wednesday in New York — its first daily decline in six sessions.

The dollar USDJPY, +0.19%  weakened to ¥108.39 late Wednesday in New York, compared with ¥109.24 late Tuesday in New York. The euro EURUSD, +0.0088%  rose to $1.1427 late Tuesday, compared with $1.1370 late Tuesday.

The U.K. currency GBPUSD, -0.0485%  traded at $1.4455 late Wednesday in New York, little changed from its level late Tuesday.

The currency NZDUSD, +0.1173%  traded at 68.31 U.S. cents late Wednesday, little changed from its level late Tuesday in New York, but up from 67.20 cents earlier in the day.

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