Friday, 12 September 2014

Forex Market Update : Epic Research Malaysia

The dollar hovered just under its most recent record against the yen Thursday, shrugging off an unexpected rise in U.S. weekly jobless claims.
The dollar USDJPY, +0.18%  traded at 107.09 yen Thursday, compared with ¥106.90 late Wednesday. The dollar reached its latest six-year high of ¥107.10 during the Asia trading day Thursday.

The pound GBPUSD, -0.13% recovered against the dollar Thursday, trading at $1.6223, compared with $1.6202 late Wednesday after a poll released Wednesday suggested more Scots will vote to remain a part of the U.K. Colin Cieszynski, chief market strategist at CMC Markets, said he expects volatile trade in the pound versus its rivals until the Sept. 18 referendum.


The euro EURUSD, -0.03%  traded at $1.2921 Thursday down slightly from earlier in the session and flat compared with late Wednesday’s level. Cieszynski described the move as a “technical bounce,” rather than being caused by underlying economic factors.
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