Saturday, May 30, 2015

Forex Market Update : Epic Research Singapore

The dollar finished the month higher against its main rivals, the euro, Japanese yen and British pound, on Friday, supported by a rebound in U.S. economic data and reassurances from Federal Reserve Chairwoman Janet Yellen that the central bank will likely raise interest rates in 2015.

The euro EURUSD, +0.4019%  traded at $1.0980 late Friday in New York, down 2% this month; the pound GBPUSD, -0.1502%  shed 0.4% to $1.5277; the dollar USDJPY, +0.15%  strengthened 3% to ¥124.08; and the Canadian dollar CADUSD, -0.1445%  weakened 3% to 80.37 cents.

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