Tuesday, April 14, 2015

Forex Market Update : Epic Research Singapore

The dollar extended last week’s gains against the euro Monday in quiet trade, as investors looked ahead to a slate of economic data reports and corporate earnings on Tuesday.

The euro EURUSD, -0.23%  fell as low as $1.0521, but later recovered to trade around $1.0573. The single currency traded at $1.0606 late Friday.

The dollar USDJPY, -0.24%   traded at ¥120.11, little-changed from its Friday evening level.

The ICE dollar index DXY, +0.10% a measure of the dollar’s strength against a basket of six currencies, rose 0.1% to 99.4820.

The disappointing data also pushed the commodity-linked Australian dollar AUDUSD, +0.11%  lower to trade at $0.7589 from around $0.7680 late Friday in New York.

After initially moving lower on concerns about the coming U.K. election, the pound GBPUSD, -0.12%  rose to $1.4680 from $1.4633 late Friday.

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