Tuesday, February 25, 2014

Epic Research Singapore : Forex Market Update

The dollar extended losses on Tuesday against most major currencies, ahead of the release of U.S. consumer-confidence and home-price data later in the day.

The ICE dollar index DXY -0.12% , which tracks the greenback against six rival currencies, fell to 80.12, from 80.212 late Monday. The WSJ Dollar index XX:BUXX -0.06%  , an alternate measure of the U.S. unit’s strength against a broader basket of comparison currencies, remained unchanged at 73.55, from Monday’s level of 73.59.

The Japanese yen, the dollar USDJPY -0.15%  dropped to ¥102.31, from ¥102.44 late Monday.

The British pound GBPUSD +0.23%  also rose, to $1.6679 from Monday’s $1.6656.

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