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ICBC Global Market: FX Market Update - April 25, 2017
 

The dollar index, which tracks the U.S. currency against six major rivals, fell 0.89 percent at 99.092 after U.S. President Donald Trump said the U.N. Security Council must be prepared to impose new sanctions on North Korea as concerns mount that it may test a sixth nuclear bomb as early as Tuesday. The euro rallied 1.31 percent to $1.0867 against the greenback after Centrist Emmanuel Macron won the first round of voting. Against the yen, the dollar was up 0.62 percent at 109.75. The euro is expected to meet resistance and support against the dollar at $1.1000 and $1.0750 respectively, while the dollar is expected to meet resistance and support against the yen at 111.00 and 108.50 respectively.

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(2017-04-25)
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