Wednesday, September 24, 2014

Forex Market Update : Epic Research Singapore

The euro’s early advance against the dollar fizzled in Tuesday afternoon trading, while the Australian dollar hit a seven-month low.

The euro had been trading about even to the prior session after a three-day run of losses despite the release of discouraging eurozone economic data. The euro EURUSD, +0.05%  bought $1.2859 Tuesday afternoon, compared with $1.2849 late Monday in New York.

The pound GBPUSD, +0.10%  traded at $1.6387, higher than $1.6341 late Monday. 

The Australian dollar AUDUSD, +0.29%  tumbled to a seven-month low on Tuesday after the release of better-than-expected Chinese manufacturing data.

Against the Japanese yen, the dollar USDJPY, -0.32%  fetched ¥108.85, on par with late Monday’s level in New York.

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