Thursday, May 14, 2015

Forex Market Update : Epic Research Singapore

The dollar had its worst day in a week Wednesday, as several disappointing reports on the U.S. economy prompted investors to rethink the timing of the Federal Reserve’s first interest-rate increase since 2006.

The euro EURUSD, +0.0528%  strengthened to $1.1344, compared with $1.1218 Tuesday; the dollar weakened to 119.1640 yen USDJPY, +0.04% compared with ¥119.89; the pound GBPUSD, +0.0064% strengthened to $1.5734, compared with $1.5667; the Canadian CADUSD, +0.1088%  dollar strengthened to 83.55 cents, compared with 83.29 cents.

The ICE U.S. dollar index DXY, +0.03% a measure of the dollar’s strength against a basket of six rivals, was down 0.9% on the day.

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