Saturday, November 7, 2015

Forex Market Update : Epic Research Singapore

The euro finished the week Friday just above a six month low reached after a blockbuster October jobs report.

The shared currency EURUSD, -1.3047%  traded at $1.0744 late Friday in New York after falling to a six-month low of $1.0706 shortly after the jobs report. That amounts to a 2.4% weekly decline — the largest in two weeks — from $1.0994 late last week.

The dollar recorded its largest weekly gain against the yen USDJPY, +1.16%  since May. It traded at ¥123.22 late Friday in New York for a weekly gain of 2.1% from ¥120.6820 late last week. Earlier in the session, the yen traded at ¥123.27, its highest level since Aug. 21.

The pound GBPUSD, -1.0455% also finished the week just above a six-month low, trading at $1.5039 late Friday. The British currency recorded its largest weekly decline since March, falling 2.5% from $1.5420 late last week.

The ICE U.S. Dollar index DXY, +1.19% a measure of the dollar’s strength against a basket of six currencies, was up 2.4% on the week to 99.1900, just below a six-month high reached earlier in the session.

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