Tuesday, April 8, 2014

Epic Research Singapore : Forex Market Update

The U.S. dollar drifted lower Monday, losing ground as investors await minutes from the Federal Reserve’s last meeting later this week and European Central Bank officials offered mixed signals on prospects for more aggressive monetary policy action.

The euro EURUSD +0.02%  rebounded from a nearly six-week low set at the end of last week, rising to $1.3742 versus $1.3701. 

April therefore could become the make-or-break month as key measures of inflation and growth could determine policy choices for the foreseeable future

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