Wednesday, 15 October 2014

Forex Market Update : Epic Research Malaysia


The dollar rose against the pound and the euro Tuesday afternoon as investors continued to worry about the growing gap between robust economic growth in the U.S. and flagging growth in Europe ahead of more data.

The yen traded flat against the dollar as investors fretted about the possibility that more cases of ebola would emerge in the U.S. The dollar USDJPY, +0.20% traded at 107.03 yen, compared to ¥107.00 late Monday.

The ICE U.S. Dollar Index DXY, +0.04% a measure of the currency’s strength against a basket of six rival currencies, was up for the day at 85.8420, compared to 85.5320 late Monday.

The euro EURUSD, -0.15% traded at $1.2647 Tuesday afternoon, compared to $1.2740 late Monday. Against the pound, the euro was up for the day, trading at £0.7953, compared to £0.7926 late Monday.

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