Friday, April 11, 2014

Epic Research Singapore : Forex Market Update

The U.S. dollar fell against the Japanese yen Thursday as improving U.S. labor-market data were outweighed by the Federal Reserve’s March minutes that suggested the market has taken a too-optimistic view of future interest-rate hikes.

The dollar USDJPY +0.09%  fell to ¥101.49 from ¥101.98.

The Chinese data boosted the greenback against the Canadian dollar USDCAD +0.01% , Mexican peso USDMXN -0.06%  and New Zealand dollar NZDUSD -0.43%  Thursday.

The pound GBPUSD -0.09% traded at $1.6784 versus $1.6793 late Wednesday. The Bank of England held its key interest rate at 0.5%, the record low level it’s stood at since March 2009.

The Australian dollar AUDUSD -0.42%   rose to 94.13 U.S. cents from 93.86 U.S. cents, boosted by March data that showed a decline in the unemployment rate to 5.8%. 

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