Friday, May 22, 2015

Forex Market Update : Epic Research Singapore

The dollar finished lower against its main rivals Thursday, snapping three days of gains, after a trio of weak economic reports added to concerns about the timing of the Federal Reserve’s first interest-rate increase since 2006.

The euro EURUSD, +0.3330%  strengthened to $1.1127, from $1.1098 Wednesday; the pound GBPUSD, +0.1085%  rose to $1.5668, from $1.5535; the dollar USDJPY, -0.21%  weakened to 120.98 yen, from ¥121.25.

The ICE U.S. Dollar index DXY, -0.31% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.2% to 95.3010.

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