Epic Research Singapore : Forex Market Update

The euro gained 4.3% against the greenback in 2013. In recent trade, the euro EURUSD -0.0066%  edged down to $1.3758 from $1.3800 late Monday.

For most of the year, currency trading revolved around the Federal Reserve’s anticipated step-back in monetary easing, which grew more likely as U.S. economic data improved. At its December meeting, the Fed said it would reduce its monthly asset purchases to $75 billion in January from $85 billion.  

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