Forex Market Update : Epic Research Singapore

The dollar rose against most of its rivals after data released by the U.S. Department of Commerce showed that new-home sales surged to a six-year high in August, beating expectations.

The dollar USDJPY, +0.07%   traded at 108.86 yen Wednesday, compared with ¥108.80 late Tuesday in New York.

The ICE U.S. Dollar Index DXY, +0.10%  , a measure of the greenback’s strength against six rival currencies, was at 84.9630 Wednesday, compared to 84.6580 late Tuesday.

The U.S. dollar USDCAD, +0.23%  rose to a six-month high against the Canadian dollar, driven lower by the impending expiration of about $520 million in Canadian dollar put options. The greenback traded at 1.1123 Canadian dollars, up from 1.1078 Canadian dollars Tuesday evening. 

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