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ICBC Global Market: FX Market Update - June 20, 2018
 

The U.S. dollar index, which tracks the greenback against six major rivals, rose 0.30 percent to 95.085 on Tuesday as traders piled into perceived less risky currencies after U.S. President Donald Trump threatened to slap more tariffs on China, fanning a trade dispute between the world's two biggest economies. The euro fell 0.29 percent to 1.1588 against the greenback. Against the yen, the dollar was down 0.45 percent at 110.04. The euro is expected to meet resistance and support against the dollar at $1.1720 and $1.1430 respectively, while the dollar is expected to meet resistance and support against the yen at 112.10 and 109.20 respectively.

 

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(2018-06-20)
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