Thursday, May 21, 2015

Forex Market Update : Epic Research Singapore

The dollar finished Wednesday’s North American session higher against the euro for the third day, putting it on track to post a weekly gain against the shared currency after five weeks of declines.

The euro EURUSD, +0.2433%  was recently trading at $1.1093,putting it on track to weaken against the dollar for a third day. It traded at $1.1150 late Tuesday in New York.

The yen traded at USDJPY, -0.14% ¥121.31, compared with ¥120.67 late Tuesday.

The pound GBPUSD, +0.1094%  also traded higher against the dollar after minutes from the Bank of England’s May meeting showed little change in policy makers’ views on the British economy. It traded at $1.5539, compared with $1.5514 Tuesday.

The ICE U.S. Dollar Index DXY, -0.17% a measure of the dollar’s strength against six rivals, was up about 0.3% at 95.5540.

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