Forex Market Update : Epic Research Malaysia

The euro fell below $1.32 for the first time in nearly a year Monday following Mario Draghi’s unexpected suggestion on Friday that more stimulus could be on the way for the euro zone.

The euro gapped lower against the dollar EURUSD, +0.08% during Asia’s trading session, but then held steady after the German Ifo survey reading showed business confidence declined more than expected in August.

The euro EURJPY, -0.11% traded at 137.20 yen Monday, down from ¥137.67 Friday.

The dollar USDJPY, -0.18% was trading flat at ¥103.98 Monday.

The pound GBPUSD, +0.09% traded at $1.6583, up from $1.6572 late Friday.

The WSJ Dollar Index BUXX, -0.09% a measure of the dollar against a basket of major currencies, was up 0.13% at 74.63.

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