Forex Market Update : Epic Research Singapore

The pound fell to its lowest point against the dollar since June 30 following the release of minutes from the Bank of England’s July meeting on Wednesday.

Sterling GBPUSD -0.06%   fell to a low of $1.7024, from $1.7060 late Tuesday and from $1.7088 ahead of the BOE release. Against the euro, the pound slipped to €1.2654 from €1.2670 Tuesday.

The dollar rose against the yen USDJPY -0.02%  , buying ¥101.540, up from ¥101.47 Tuesday.

The ICE U.S. dollar index DXY +0.01%  , which measures the greenback’s performance against a basket of six other currencies, rose to 80.8130 Wednesday from 80.7810 Tuesday.The euro EURUSD -0.04%   was flat at $1.3462.

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