Forex Market Update : Epic Research Malaysia

The pound moved higher against the dollar and euro in Monday’s session as investors bought back currencies that were badly beaten by last week’s volatility.

Sterling GBPUSD, +0.11% traded at $1.6169 Monday afternoon, compared to $1.6092 late Friday. The euro EURGBP, +0.06% fell against the pound, trading at £0.7919, compared to £0.7930 Friday.

The aussie AUDUSD, +0.35% traded at 87.91 cents Monday afternoon, compared to 87.51 cents late Friday. The kiwi NZDUSD, +0.41% traded at 79.68 cents, compared to 79.21 cents Friday.

Against the yen, the U.S. dollar remained flat for most of the session, USDJPY, -0.56% trading at 106.87 yen, compared to ¥106.92 late Friday.

The U.S. dollar index DXY, -0.23% a measure of the greenback’s strength against six rival currencies, was at 84.9830, compared to 85.1100 late Friday.

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