Wednesday, January 6, 2016

Forex Market Update : Epic Research Singapore

The euro tumbled Tuesday to its weakest level against the dollar in a month as weak economic data from across the globe helped support the greenback ahead of Friday’s eagerly anticipated U.S. jobs report.

The European shared currency EURUSD, +0.1768%  fell to a low of $1.0719, its weakest level since Dec. 3, when it erased a month of losses after the European Central Bank delivered a package of stimulus measures that was less comprehensive than investors had hoped. It trimmed some of its losses to trade at $1.0746 late Tuesday in New York, compared with $1.0826 late Monday in New York.

The yen USDJPY, -0.53%  strengthened against the dollar, extending Monday’s gains, as investor appetite for currencies perceived haven currencies endured. The dollar fell to ¥119.03, down from ¥119.30 late Monday in New York.

The Chinese yuan USDCNY, +0.2436%  rose after the country’s central bank intervened in the foreign-exchange market to prop up its currency. A dollar bought 6.5209 yuan, down from 6.5377 yuan on Monday.

The pound GBPUSD, -0.0477%  dropped to $1.4668 from $1.4716 Monday.

The ICE Dollar index DXY, -0.08%  rose 0.5% to 99.3960, on track to rise a sixth straight session.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

0 comments:

Post a Comment