Forex Market Update : Epic Research Singapore

The U.S. dollar index posted a monthly gain after spending much of February in consolidation mode as investors await further signals on the timing of the Federal Reserve’s next interest-rate increase move.

The ICE dollar index DXY, +0.00% which tracks the U.S. currency against a basket of six major rivals, traded at 95.256, up from a level of 95.150 in North American trade late Thursday and near a level last seen in 2003. 

The euro EURUSD, -0.02%  traded at $1.1197, little changed from its level in late North American trade on Thursday.

The dollar was at ¥119.63 compared with USDJPY, +0.18%  ¥119.49 late Thursday in New York.

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