Thursday, May 15, 2014

Epic Research Singapore : Forex Market Update

The dollar rose against the pound Wednesday, reversing an earlier loss, after Bank of England Gov. Mark Carney emphasized the U.K. economy hasn’t strengthened enough to warrant a rate hike just yet. 

The pound GBPUSD +0.05%  fell to $1.6769 from $1.6829 late Tuesday. The U.K. currency had jumped as high as $1.6877 earlier Wednesday. 

The ICE dollar index DXY -0.03% , a measure of the currency’s strength against six rivals, fell to 80.060 from 80.118 late Tuesday. The WSJ Dollar Index XX:BUXX -0.01% , an alternate gauge of dollar strength, fell to 72.91 from 73.00. 

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