Forex Market Update : Epic Research Malaysia

The dollar was flat against most major currencies Monday as the effects of turmoil in Ukraine, Gaza and Iraq continue to buttress the price of the haven currency against the effects of weak U.S. housing starts data from last week, and doubts that the Federal Reserve will raise interest rates earlier than mid-2015.

The yen USDJPY +0.09% reversed earlier gains against most major currencies, with the dollar buying ¥101.34, down a touch from ¥101.36 late Friday. The euro EURJPY +0.09% also slipped against the Japanese currency, trading at ¥137.04, from ¥137.12.

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