Forex Market Update : Epic Research Singapore

The dollar finished Tuesday’s North American session at its highest level against the yen since July 2007. The U.S. currency also recorded strong gains against the euro.

The dollar USDJPY, +0.01%  broke above 123 yen after the durable-goods report, its first time above that level since July 2007. It recently traded at ¥123.13, compared with ¥121.55 Monday.

The euro EURUSD, +0.0736%   finished the North American session near a one-month low against the dollar. The shared currency recently traded at $1.0871, compared with $1.0981. The pound GBPUSD, +0.0455%  fell to $1.5379, compared with $1.5475 on Monday.

The ICE U.S. Dollar Index DXY, +0.02% a measure of the dollar’s strength against a basket of six rivals, was up 1.3% to 97.2700, its first time above the 97-level in about a month.

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