Forex Market Update : Epic Research Singapore

The dollar rose against the pound Tuesday after comments from the head of the Bank of England cast into question the timing of the first interest-rate hike in the U.K.

The pound GBPUSD -0.07%   fell to $1.6987 from $1.7025 late Monday.

The dollar USDJPY -0.06%   traded in tight ranges against the yen, buying ¥101.93 versus ¥101.90 late Monday. The ICE dollar index DXY -0.01%  , which pits the greenback against six rivals, was at 80.311 versus 80.270 late Monday. 

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