Forex Market Update : Epic Research Singapore

The U.S. currency gained ground on the yen and the euro Tuesday, cementing the strongest quarterly rise for the ICE dollar index since a haven-inspired surge into the greenback during the height of the financial crisis.

The index DXY, +0.15%  rose 0.4% to 85.916. The index, which measures the dollar against six major rivals, posted a 7.7% quarterly rise, the largest since a 9.6% jump in the third quarter of 2008, according to FactSet data.

The dollar reversed early weakness versus the Japanese yen USDJPY, +0.23%  to trade at ¥109.64 versus a level of ¥109.50 late Monday in New York. The euro EURUSD, -0.13%  fell to $1.2631 from $1.2685, slipping as data showed annual euro-zone inflation fell to 0.3%, a five-year low.

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