Forex Market Update : Epic Research Malaysia

 The dollar rose Tuesday to its highest level against the Norwegian krone since July 2002 as weakening oil prices continued to weigh on the economies of major oil exporters.

The dollar was unable to entirely avoid the headwinds caused by falling oil. 

The greenback USDJPY, +0.54%   traded at 118.50 yen, its weakest level against the Japanese currency since mid-December. Japan relies on oil imports to meet its energy demand.

The euro EURUSD, -0.10%  fell to $1.1859, hitting a nine-year low for the second time in two sessions. The shared currency traded at just above $1.19 Monday afternoon.

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