Thursday, August 7, 2014

Forex Market Update : Epic Research Singapore

The euro fell to its lowest point against the dollar in nine months as Italy, the euro zone’s fourth-largest economy, slipped into a recession and Russia appeared closer than ever to invading Ukraine.

The euro EURUSD +0.04%   fell to $1.3350 Wednesday, down from $1.3371 Tuesday evening, after Italy reported a surprise fall in GDP during the second quarter.

The euro hit its lowest point against the yen in seven months, falling to ¥136.63 from ¥137.19 Tuesday.The euro was up against the pound sterling at £79.32 from £79.21 Tuesday as U.K. stocks were also pressured by worries about rising tension in Russia and Ukraine.

The ICE U.S. dollar index, a measure of the greenback’s strength against a basket of six other currencies, rose to 81.5990 from 81.3280 as investors, spooked by Russia’s troop buildup near its border with eastern Ukraine, sought safety.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

0 comments:

Post a Comment