Forex Market Update : Epic Research Singapore

The dollar rises against the pound, the first gain in five sessions, after weaker-than-expected U.K. inflation raised questions about the Bank of England’s need to increase interest rates, which tends to weigh on price pressures.

The pound GBPUSD -0.02%   fell to $1.6962 from $1.6983 late Monday.
The dollar USDJPY +0.12%   rose to ¥102.15 from ¥101.84 late Monday.

The ICE dollar index DXY +0.05%  , which pits the greenback against six other currencies, rose to 80.607 from 80.450 late in the prior session. The WSJ Dollar Index XX:BUXX +0.04%  , a broader gauge of the dollar’s strength, rose to 73.35 from 73.14.

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