Tuesday, May 26, 2015

Forex Market Update : Epic Research Singapore

The dollar remained firmer against the yen and the euro on Monday, with following comments by Federal Reserve Chairwoman Janet Yellen late last week and renewed concerns about Greece’s debt problems.

The euro fell after Greek leaders said the country won’t make InternationaI Monetary Fund repayments that are due in June. Some extra pressure came on political upsets in regional and municipal elections in Spain.

The U.S. currency USDJPY, +0.19%   touched as high as ¥121.78 before slightly weakening to ¥121.53. The pair traded at ¥121.55 late Friday in New York.

The euro EURUSD, -0.2915%  fell under the $1.10 level after Greece said Sunday that it won’t have the money it must repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding.

The WSJ Dollar Index BUXX, +0.16%  , a measure of the dollar against a basket of major currencies, was up 0.07% at 86.28.

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