Forex Market Update : Epic Research Malaysia

The U.S. dollar hovered just below its latest 6-year record against the yen Friday afternoon, capping a week in which it rose 2.11% against the Japanese currency, a massive move in the currency market.

The dollar remained stronger against most of its rivals. The euro EURUSD, +0.32% recovered from massive losses earlier in the week to finish flat against the dollar Friday, while the pound GBPUSD, +0.04% lost 0.45% against the dollar during the past week.

The dollar reached a fresh record against the yen for the fifth consecutive trading day Friday, rising to 107.3960 yen during the Asia trading day, before retreating slightly. The dollar USDJPY, +0.22% traded at ¥107.33 Friday during the New York trading day, compared with ¥107.06 late Thursday.

It AUDUSD, -0.65% continued its selloff Friday afternoon, trading at 90.42 cents, just above its lowest point against the dollar since late March. The aussie traded at 91.03 cents late Thursday.

The WSJ Dollar Index BUXX, +0.07% a measure of the greenback’s strength against a basket of rival currencies, rose 0.60% this past week to 76.32 Friday afternoon.

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