Wednesday, April 23, 2014

Epic Research Singapore : Forex Market Update

The U.S. dollar fell against the Australian dollar Tuesday as investors looked ahead to Australian first-quarter inflation data that could provide more evidence for a rate hike from the country’s central bank.

The Australian dollar AUDUSD -0.95% rose to 93.66 U.S. cents from 93.33 U.S. cents late Monday, hovering below its high for the year.

The euro EURUSD +0.08% rose to $1.3805 from $1.3793 late Monday. 

The ICE dollar index DXY -0.06% , which pits the dollar against six rivals, was at 79.891 versus 79.957 late Monday. The WSJ Dollar Index XX:BUXX +0.05% , which measures the greenback against a broader basket of rivals, was at 73.06 versus 73.10.

The dollar USDJPY -0.07%  was flat at ¥102.60 from late Monday. The British pound GBPUSD +0.00%  rose to $1.6826 from $1.6802 late Monday.

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