Forex Market Update : Epic Research Singapore

The dollar rose Wednesday against most of its major rivals in the wake of a string economic data that painted a positive picture of the U.S. economy, even if it wasn’t rosy enough to guarantee a September hike in interest rates.

The ICE Dollar Index DXY, +0.00% a measure of the greenback against a basket of six currency rivals, finished at 95.8960 in late Wednesday trade, or 0.5% higher.

Against the yen, the dollar gained USDJPY, +0.18%  to trade at ¥120.1580 in late afternoon trade, or 0.7% higher, representing the highest gain nearly a week and the highest level for the yen since Aug. 31.

Meanwhile, the euro traded about 0.7% lower against the dollar USDEUR, +0.0629%  at $1.1240, the largest slide for the shared currency in about a week.

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