Forex Market Update : Epic Research Malaysia

The euro fell to an eight-month low against the dollar Tuesday, its lowest level since the European Central Bank surprised the market with a 25 basis point rate cut in November 2013.

The euro EURUSD -.00% was trading at $1.3467 Tuesday, down from $1.3524 late Monday.

The pound GBPUSD -0.01% was at $1.7060 against the dollar, down from $1.7072 late Monday.

Among other currencies, the dollar USDKRW -0.10% bought 1024.0300 South Korean won Tuesday, down from 1027.0300 won Monday night. The Australian dollar AUDUSD +0.49% rose to 93.94 cents, up from 93.65 cents Monday. The dollar USDBRL -.00% was also down against the Brazilian real, trading at 2.2104 real Tuesday, down from 2.2212 real Monday evening.

The WSJ Dollar Index XX:BUXX -0.08% , a measure of the dollar against a basket of major currencies, was unchanged at 73.10.

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