Forex Market Update : Epic Research Singapore

The euro fell against the dollar Thursday morning after European Central Bank President Mario Draghi said monetary policy in the euro zone and the U.S. is on a “diverging path,” and that real interest rates would remain negative for much longer in Europe.

The euro EURUSD -0.04%   traded at $1.3364 Thursday morning, down from $1.3382 late Wednesday. The euro hit a nine-month low against the dollar Wednesday.


The shared currency was up slightly against the yen EURJPY -0.35%  , trading at ¥136.76, compared to ¥136.63 late Wednesday. The euro was flat against the pound EURGBP +0.11%  , trading at £0.7935, compared to £0.7940 Wednesday, while the dollar traded at £1.6833, from £1.6856 late Wednesday.

The ICE U.S. Dollar Index DXY -0.01%  , a measure of the greenback’s strength against six other currencies, was up at 81.4980, compared to 81.4440 Wednesday night.

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