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Forex Market Update : Epic Research Malaysia

Thursday, 29 January 2015

The dollar inched higher against the euro and pound Wednesday afternoon after the Federal Reserve’s policy statement included no clear guidance about its rate-hike plans.

The dollar USDJPY, +0.31%  was at ¥117.43, compared with ¥117.80 Tuesday. The euro EURUSD, -0.14%  traded at $1.1289, compared with $1.1362 Tuesday. The pound USDGBP, +0.01%  traded at $1.5169, compared with $1.5185.

The Russian ruble RUBUSD, -0.38%  declined to 67.84 rubles per dollar, compared to 67.75 Tuesday.

After the news, the Singapore dollar USDSGD, +0.07%   fell 1.4% to 1.36 per U.S. dollar, its lowest level in more than four years. It traded at 1.34 to the dollar Tuesday.

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