Forex Market Update : Epic Research Singapore

The dollar continued to dip lower against the yen Tuesday afternoon, reaching its lowest point in more than three weeks, in a move described as a correction following a strong run up.

The dollar USDJPY, +0.43%  was at 107.85 yen from ¥108.78 late Monday in New York.


The euro fell against the dollar, reversing course after two days of gains. The euro EURUSD, -0.31%  traded at $1.2679 Tuesday, compared to $1.2653 Monday evening. Against the pound, the euro EURGBP, -0.07%  traded at £0.7873, compared to £0.7869 Monday.

The ICE U.S. Dollar Index DXY, +0.26%  , a measure of the greenback’s strength against six rival currencies, fell to 85.7010 Tuesday, compared to 85.9280 Monday.

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