Tuesday, June 30, 2015

Forex Market Update : Epic Research Singapore

The euro recorded a spectacular reversal on Monday, finishing a full 2½ cents above its session low, even as Greece’s future as a member of the eurozone looked uncertain.

The euro EURUSD, -0.4094% recently traded at $1.1240, up 0.7% from $1.1168, its level at the end of Friday trading in New York. The shared currency hit a low of $1.0956 early Monday in Asia trade.

The dollar weakened against most of its industrialized rivals on Monday, like the GBPUSD, -0.0826%  pound and the yen USDJPY, -0.20% while strengthening against emerging-market currencies like the Mexican peso USDMXN, +0.0695%  and Turkish lira USDTRY, +0.0740%

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