Friday, January 1, 2016

Forex Market Update : Epic Research Singapore

With most traders all but checked out for the final trading day of 2015, the dollar moved higher Thursday against most of its major rivals.

For the year as a whole, it has been anything but mundane for the greenback, which gained 9.3% for the year, aided by a 0.4% climb on New Year’s Eve, as gauged by the ICE Dollar Index DXY, +0.44% a measure of the dollar against six major currencies.

The dollar was up 0.7% at 1.0868 against the euro EURUSD, +0.0000% from 1.0933 late in New York. The buck’s biggest gains versus major rivals have come via the shared currency. Year-to-date, the dollar has advanced about 10% against the European currency.

Against the yen USDJPY, +0.30% the pair was at ¥120.23 in late trade in New York, down from ¥120.52 Wednesday. For the year, the dollar has gained just 0.4%.

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