Wednesday, May 13, 2015

Forex Market Update : Epic Research Singapore

The dollar traded lower against most of its rivals Tuesday after two sessions of marginal gains, as Treasury yields turned lower and a Greek debt payment to the International Monetary Fund supported the euro.

The shared currency EURUSD, +0.2229%  climbed to $1.1219, up from $1.1156 late Monday. The gain came as eurozone bond yields crept higher.

The ICE dollar index DXY, -0.12% a measure of the dollar’s strength against a basket of six rivals, was down 0.6% to 94.40.

The dollar USDJPY, +0.05%  weakened to ¥119.90, from ¥120.08 Monday; the pound GBPUSD, +0.0351%  climbed to $1.5671 from $1.5588, continuing to build on gains that followed the U.K.’s general election Thursday; the Australian dollar AUDUSD, +0.0627%  strengthened to 79.79 cents, compared with 78.95 cents; and the Canadian dollar CADUSD, -0.0083%  strengthened to 83.30 cents, compared with 82.66 cents.

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