Forex Market Update : Epic Research Singapore

The euro strengthened Wednesday despite reports Greece’s creditors had rejected negotiators’ latest reform proposal, sparking a selloff in Greek bonds and European equities.

The euro EURUSD, +0.1249%  traded at $1.1203, up 0.3% from $1.1170 late Tuesday in New York.

Elsewhere, the dollar was slightly weaker against its rivals after recording its largest gain in a month on Tuesday. The ICE U.S. Dollar index DXY, -0.08% a measure of the dollar’s strength against a basket of six currencies, was down 0.2% to 95.2450.

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