Forex Market Update : Epic Research Malaysia

The ICE U.S. Dollar Index extended its losses Wednesday after a stream of weak economic data released over the past two days implied that U.S. economic growth won’t be as strong in the fourth quarter as it was in the third.

The dollar index DXY, -0.04% a measure of its strength against a basket of six rival currencies, was down 0.32% on the day to 87.6290, it’s lowest level since last Thursday.

The euro EURUSD, +0.00% which is the most heavily-weighted of the dollar index’s components, traded at $1.2514, compared with $1.2477 Tuesday.

The dollar JPYUSD, +0.34%  traded at 117.71 yen, compared with ¥117.85 Tuesday.

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