Forex Market Update : Epic Research Malaysia

The U.S. dollar moved higher on Friday after the top Federal Reserve official suggested the economy is moving toward the central bank’s objectives, pushing the greenback to its biggest weekly rise against the yen since July 2013.

The dollar climbed against its rivals after Yellen spoke. The dollar USDJPY, +0.09% bought 103.87 Japanese yen, up from ¥103.81 late Thursday in New York. The dollar pushed to an intraday high of ¥104.19, but gave up much of its gains as the session wore on. The yen rose 1.5% on the week, the biggest weekly rise since July 2013.

The euro EURUSD, -0.30% fell to $1.3244 on Friday from $1.3281 on Thursday. The British pound GBPUSD, -0.05% changed hands at $1.6576, down from $1.6585.

The U.S. dollar index DXY, +0.21% which pits the currency against a basket of rivals, rose to 82.312, from 82.146.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my