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Forex Market Update

Thursday 5 February 2015



The euro remained weak against rival currencies during the Asian session Thursday, weighed down by renewed risk aversion stemming from the European Central Bank’s tougher stance on Greece.

The euro EURUSD, +0.27%  hit as low as $1.1304 -- close to its 11-year low -- before stabilizing at $1.1354 around 0540 GMT. That was weaker than $1.1391 late Wednesday in New York.

The common currency EURJPY, +0.29%  also fell as low as ¥132.57 before bouncing back to ¥133.18. That compares with ¥133.56 late in New York.

 The dollar USDJPY, +0.02%  hit as low as ¥117.02 earlier in the session and then recovered to ¥117.28. That compares with ¥117.30 late Wednesday in New York. 

The WSJ Dollar Index BUXX, -0.19% a measure of the dollar against a basket of major currencies, was down 0.08% at 85.47.

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