Thursday, December 24, 2015

Forex Market Update : Epic Research Singapore

The dollar rose against the euro Wednesday in holiday-thinned trading after a weak reading on French economic growth.

The ICE Dollar index DXY, -0.25% a closely watched gauge of dollar strength against rival currencies, rose 0.1% to 98.3110.

The euro EURUSD, +0.2199%   lost some ground against the buck, trading at $1.0910 late Wednesday in New York, down from $1.0951 late Tuesday in New York.

The pound GBPUSD, +0.0941% traded at $1.4872 late Wednesday, up from $1.4862 ahead of the data. It had weakened against the dollar early in the session after data showed U.K. GDP expanded 0.4% in the third quarter, missing expectations.

The dollar traded at USDJPY, -0.25%  ¥120.85 Wednesday, compared with ¥121.07 late Tuesday.

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