Saturday 28 February 2015

Forex Market Update : Epic Research Malaysia


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The U.S. dollar index posted a monthly gain after spending much of February in consolidation mode as investors await further signals on the timing of the Federal Reserve’s next interest-rate increase move.
The euro EURUSD, -0.02%  traded at $1.1197, little changed from its level in late North American trade on Thursday.

The dollar was at ¥119.63 compared with USDJPY, +0.18%  ¥119.49 late Thursday in New York.

The lira USDTRY, +0.12% traded at a rate of 2.5087 per dollar in recent action and traded at 2.5248 per dollar in earlier action, breaching the previous all-time low set on Feb. 11, according to The Wall Street Journal.

The WSJ Dollar Index BUXX, +0.04% a measure of the dollar against a basket of major currencies, was down 0.03 point at 85.89.

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