Thursday, April 30, 2015

Forex Market Update : Epic Research Singapore

The euro recorded its largest gain against the dollar in six weeks Wednesday, shrugging off a statement from Federal Reserve policy makers that suggested an interest-rate increase in June remains a possibility.

One euro EURUSD, -0.22% was worth $1.1116 in recent trade, off a session high of $1.1188, and USDJPY, -0.31%  ¥132.32, off a session high of  ¥132.89, after the Fed statement. The euro traded at $1.0972 and ¥130.36 Tuesday afternoon.

One dollar USDJPY, -0.31%  was worth ¥119.02 in recent trade, compared with ¥118.82 late Tuesday.

In other currency trading, the pound GBPUSD, -0.11% traded at $1.5436 after rising as high as $1.5490, the British currency’s highest level since late February.

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