Saturday, September 27, 2014

Forex Market Update : Epic Research Singapore

The U.S. Dollar Index finished higher Friday, notching its 11th-consecutive weekly gain, extending its longest winning streak since the currency became free-floating in 1973.

The U.S. Dollar Index DXY, +0.52%  reached 85.6490 Friday afternoon, compared to 85.1950 late Thursday.

The dollar USDJPY, +0.49%  at 109.29 yen Friday, just below a six-year record against the yen. The pair closed at ¥108.56 late Thursday.

The euro EURUSD, -0.53% hit a fresh 22-month low against the dollar, trading at $1.2677 Friday afternoon, down from $1.2759 Thursday evening. The shared currency is also down against the pound EURGBP, -0.07%  , as investors are selling it ahead of the monthly European Central Bank meeting next Thursday.

The Russian ruble fell to a record low against the dollar Friday, pressured by the weakening price of oil, one of Russia’s largest exports. The ruble USDRUB, +1.75%  traded at 2.55 cents Friday, compared to 2.6 cents Thursday evening.

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