Thursday, July 30, 2015

Forex Market Update : Epic Research Singapore

The dollar strengthened against its rivals Wednesday after Federal Reserve policy makers left the door open for a September interest-rate hike in an updated statement released after the end of their two-day July meeting.

The greenback USDJPY, +0.17%  was at ¥123.92, compared with ¥123.57 late Tuesday in New York. The euro weakened against the U.S. currency, trading at $1.1008, EURUSD, -0.1001% compared with $1.1060 overnight. The dollar GBPUSD, +0.0064%  was little-cha
nged against the pound after the statement, with the British currency hovering around $1.5612.

The ICE U.S. Dollar Index DXY, +0.06% a measure of the dollar’s strength against a basket of six rival currencies, was up 0.1% at 96.8470.

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