Forex Market Update : Epic Research Malaysia

The ICE U.S. Dollar Index recovered from a three-week low Thursday afternoon as the euro shed some of its earlier gains against the dollar on hints from European Central Bank President Mario Draghi that ”unconventional measures” may be employed to spur flagging European economic growth.
The shared currency traded at $1.2692 EURUSD, +0.12%  Thursday afternoon, trading back around its level before the release of Wednesday’s FOMC minutes. The greenback traded at $1.2740 Wednesday night. It also fell against the pound, trading at £0.7875 Thursday, compared to £0.7881 Wednesday night.


The dollar’s value against the euro is weighted to make up 57.6% of the index’s value. It hovered around 85.5490 Thursday afternoon, compared to 85.2970 late Wednesday.
the pound GBPUSD, +0.04%  was flat against the dollar, trading at $1.6118, compared to $1.6165 late Wednesday.

The dollar USDJPY, -0.09%   remained lower against the yen, trading at 107.84 yen Thursday afternoon, compared to ¥108.11 late Wednesday.

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