Saturday, August 8, 2015

Forex Market Update : Epic Research Singapore

The dollar recorded its second straight weekly gain against the euro and the yen Friday after a strong reading on U.S. labor-market growth in July.

The euro EURUSD, +0.3753%  finished the week down 0.4% versus the dollar at $1.0965, while the dollar finished up 0.2% versus the yen at ¥124.19 USDJPY, -0.41% The euro traded at $1.0925 late Thursday in New York, while the dollar traded at ¥124.68 late Thursday.

The pound GBPUSD, -0.1096%  finished the week down 0.8% against the dollar at $1.5492. Most of those losses materialized after the U.K.’s “Super Thursday” release of an updated monetary policy statement, alongside a quarterly inflation report and minutes from a meeting of Bank of England policy makers.

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