Monday, January 27, 2014

Epic Research Singapore : Forex Market Update

The dollar USDJPY +0.21%  hit a low of ¥101.73 during Asian trading hours, according to FactSet data, a pullback from ¥102.24 late Friday in North America. The dollar later reversed course, buying ¥102.43.
 Following last week’s 1% gain for the euro versus the dollar, the euro EURUSD +0.03% extended its advance Monday, trading at $1.3683 compared with $1.3676 late Friday. The British pound GBPUSD +0.05% , meanwhile, was on par with Friday’s level around $1.6502. The pound last week temporarily broke above the $1.66 mark for the first time since May 2011.  
 
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