Thursday, April 3, 2014

Epic Research Singapore : Forex Market Update


The euro was in focus in early trading on Thursday, with the shared currency trading in tight ranges ahead of the monetary-policy decision from the European Central Bank, which could change the short-term outlook.

The euro EURUSD -0.0423%  traded at $1.3764 in European morning hours, slightly higher than the $1.3760 from late Wednesday. Against the pound EURGBP +0.0893% , the currency moved around £0.8270, a 0.1% drop from the prior day, according to FactSe

The ICE dollar index DXY +0.05% , a gauge of the currency’s strength against six rivals, was almost unchanged at 80.232, compared with 80.240 late Wednesday.

The pound GBPUSD -0.1370%  climbed to $1.6637 from $1.6624 late Wednesday, while the Australian dollar AUDUSD -0.3045%  fell to 92.28 U.S. cents from 92.42 U.S. cents.

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