Thursday, 28 August 2014

Forex Market Update : Epic Research Malaysia

The euro is recovering from declines against the dollar Wednesday after hitting a fresh 2014 low against the dollar late Tuesday.

The euro EURUSD, +0.15% traded at $1.3181 Wednesday morning, up from a low of $1.3151 reached around 8:30 p.m. Tuesday. Analysts expect Wednesday to be a quiet summer day with low trading volume. No important economic data is scheduled for release.

The shared currency EURJPY, +0.04% fell to 136.95 yen Wednesday, from ¥137.09 Tuesday night.

The dollar traded at 103.85 against the yen, down from ¥104.10 late Tuesday.

The pound GBPUSD, +0.13% climbed against the dollar Wednesday after two days of declines, trading at $1.6600, from $1.6544 late Tuesday.

The ICE U.S. Dollar index DXY, -0.15% , a measure of the greenback’s strength against a basket of six currencies, fell to 82.5270 Wednesday, from 82.6600 late Tuesday.

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