Forex Market Update : Epic Research Malaysia

The U.S. dollar traded near its 2014 high against the yen after strong U.S. manufacturing data supported bets that the U.S. economy is healthier than that of other major developed rivals.The dollar USDJPY, -0.10% traded at 105.11 yen Tuesday, just below the year’s high of ¥105.33. Should it stay above ¥105 for the rest of the day, it would bode well for future gains, according to Boris Schlossberg, of BK Asset Management.


Meanwhile, the pound GBPUSD, -0.04% slumped, trading at $1.6473, down from 1.6612 Monday. A poll published Tuesday showed voter support is growing for an independent Scotland.

The euro EURUSD, -0.02% traded at $1.3132 Tuesday, about even with $1.3131 Monday.

The euro EURGBP, +0.02% moved up against the pound Tuesday. It traded at £0.7972, from £0.7904 Monday.

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