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Forex Market Update

Thursday, 11 December 2014


The dollar surged against rival currencies backed by oil-dependent economies as the commodity plunged to new lows Wednesday.


The dollar USDNOK, -0.02%  traded at 7.17 krone Wednesday afternoon, slightly below a six-year high reached earlier in the session. It traded at 7.11 krone Tuesday afternoon. It USDRUB, +0.00%  hit another record high against the ruble, rising to 54.90, compared to 54.18 Tuesday afternoon.

The dollar USDJPY, +0.35%  fell to 117.99 yen, its lowest level in nine days. It traded at ¥119.40 Wednesday afternoon.

The euro EURUSD, +0.02%  traded at $1.24, holding on to Wednesday’s gains against the dollar.

The ICE U.S. Dollar Index DXY, +0.02% a measure of the greenback’s strength against a trade-weighted basket of six rival currencies, was down 0.49% to 88.26.


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