Home > News Updates > Financial News > ICBC Global Market
ICBC Global Market: FX Market Update - August 21, 2018
 

The dollar index fell 0.21 percent to 95.900 against a basket of currencies on Monday as investors pulled out of the safe-haven currency with optimism rising over upcoming U.S.-China trade talks, and after U.S. President Donald Trump criticized the pace of the Federal Reserve's interest-rate hikes. The euro rose 0.37 percent to $1.1479. Against the yen, the dollar was down 0.39 percent at 110.06. The euro is expected to meet resistance and support against the dollar at $1.1630 and $1.1330 respectively, while the dollar is expected to meet resistance and support against the yen at 111.60 and 108.50 respectively.

 

Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.


(2018-08-21)
Close