Saturday, September 26, 2015

Forex Market Update : Epic Research Singapore

The dollar posted a weekly gain against both its developed and emerging-market rivals Friday after Federal Reserve Chairwoman Janet Yellen said the central bank would likely raise interest rates in 2015.

The ICE U.S. Dollar index DXY, -0.05% a measure of the dollar’s strength against a basket of six rival currencies, rose 1.1% this week to 96.1770.

The euro EURUSD, -0.3027%  traded at $1.1203 late Friday in New York, down 0.9% from $1.1360 late last week. The dollar USDJPY, +0.43%  rose to ¥120.54 late Friday, up 0.5% from ¥119.90 last week.

Among emerging-markets currencies, the dollar finished the week at or near record highs against the Brazilian real USDBRL, +0.6024% Mexican peso USDMXN, +0.6076% and Turkish lira USDTRY, +0.2105%

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