Friday, 29 August 2014

Forex Market Update : Epic Research Malaysia

The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in the day.

As of early Thursday in London, the dollar USDJPY, +0.08% was at 103.75 yen, compared with ¥103.87 laThe euro EURUSD, -0.05% meanwhile, maintained its strength from the morning, when the common currency gained momentum against the greenback, led by a spate of buying of the Australian dollar.

The euro was at $1.3213 from $1.3192 and EURJPY, +0.02% at ¥137.08, compared with ¥137.04.te Wednesday in New York.

The WSJ Dollar Index BUXX, +0.05% a measure of the dollar against a basket of major currencies, was down 0.14% at 74.45.

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