Forex Market Update : Epic Research Singapore

The dollar rose against the euro Wednesday after weak euro-zone data added to expectations that the European Central Bank will ease monetary policy next month.

The euro EURUSD +0.04%   fell to $1.3594 from $1.3635 late Tuesday. Euro losses could continue, said Scotiabank, adding that the next level of euro support is at $1.3520.

The ICE dollar index DXY -0.07%  , which pits the greenback against six other currencies, rose to 80.563 from 80.346 late Tuesday. The index is heavily weighted toward the euro. The WSJ Dollar Index XX:BUXX -0.10%  , an alternate gauge of dollar strength, rose to 73.33 from 73.18.

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