Forex Market Update : Epic Research Singapore

Investors moved back into riskier, higher-yield currencies like the Australian dollar, New Zealand dollar and Canadian dollar Friday as markets recovered from the effect of Thursday’s violence in Ukraine and Gaza, which drove them toward less-risky assets like the yen, U.S. dollar and gold.

The U.K. pound GBPUSD -0.10%   and the euro EURUSD -0.01%   continued to fall against the dollar, but both inched up against the yen.


The euro recovered from earlier losses and moved to $1.3529 Friday, from $1.3517 late Thursday, and rose to 137.12 yen, up from ¥136.79. The pound traded at $1.7090 Friday, down from $1.7091, and at ¥173.22, up from ¥172.96.

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