Saturday, January 18, 2014

Epic Research Singapore : Forex Market Update

 The pound GBPUSD +0.4337% rose to $1.6410 from $1.6359 late Thursday. For the week, it fell 0.4% against the greenback.

The euro EURUSD -0.5677%  fell to $1.3528 from $1.3619 late Thursday. The euro’s losses against the greenback likely stemmed from an overnight spike in euro-zone money-market rates, said Commonwealth’s Esiner. European Central Bank President Mario Draghi pointed to tightening money-market conditions as a trigger for further easing after the central bank’s latest meeting. 


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