Saturday, April 11, 2015

Forex Market Update : Epic Research Singapore

The U.S. dollar finished the week 2.6% higher against the euro Friday, recording its first weekly gain in four weeks.

On Friday, the euro EURUSD, -0.53% fell to $1.0603, its lowest level since before a March meeting of Federal Reserve policy makers. The single currency bought $1.0660 on Thursday.

The ICE U.S. Dollar Index DXY, +0.38% a key measure of the dollar’s strength against a basket of six currencies, rose 0.2% to 99.35. For the week, it was looking at a 1.8% advance, which would be its biggest since the week ended March 13, according to FactSet data.

In other currency trading, the dollar was buying 120.22 yen USDJPY, -0.31%  versus ¥120.58 on Thursday, when the greenback hit a three-week high against Japan’s currency.

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