Forex Market Update : Epic Research Singapore

The U.S. dollar traded higher against most emerging-market currencies Monday afternoon after a day of choppy trading as worries about the protests in Hong Kong saw investors abandoning emerging-market currencies in favor of the strength of the greenback. The dollar remained flat for the day against its G-10 rivals.

The dollar USDBRL, -0.04%  traded at 2.4510, above Friday evening’s level of 2.4203 real. The greenback USDTRY, -0.16%  traded at 2.2790 Turkish lira, below its eight-month high of 2.2910, but above Friday’s level of 2.2639.

The dollar USDRUB, -0.09%   traded at 39.4561 rubles in Monday afternoon trading, compared to 39.1524 rubles Friday evening.

The dollar USDJPY, -0.19%  traded at 109.40 yen, up slightly from Friday’s level of ¥109.30, but off a high of ¥109.75 reached during the Asia trading day.

The euro EURUSD, +0.05%   traded at $1.2694 Monday, up from a 22-month low of $1.2667 reached overnight. The shared currency bought $1.2684 late Friday.

the British pound GBPUSD, +0.12%  fetched $1.6249, up from $1.6246. The dollar USDCHF, -0.05%  traded at 0.9509 Swiss francs Monday, compared to 0.9515 Friday.

The ICE U.S. Dollar Index DXY, -0.09% a measure of the dollar’s value against six rival currencies, was down 0.04% at 85.6040.

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