Forex Market Update : Epic Research Malaysia

The ICE U.S. Dollar Index moved lower Friday as a contraction in hourly wage growth in December caused investors to delay their expectations for when the Federal Reserve will begin raising its benchmark interest rate.

The dollar index, DXY, -0.43% a measure of the greenback’s strength against a trade-weighted basket of six rival currencies, was down 0.46% to 91.9450.

The dollar USDJPY, +0.00%  was at ¥118.50, compared with ¥119.65 late Thursday in New York. The euro EURUSD, +0.00%  was at $1.1839, from $1.1788.

The pound GBPUSD, +0.00%  rose slightly against the dollar, moving back above the $1.51 level after U.K. manufacturing output recorded strong growth in December.

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