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ICBC Global Market: FX Market Update - November 1, 2018

The dollar rose 0.12 percent to 97.127 against a basket of major currencies on Wednesday on the back of continued U.S. economic strength. The euro fell 0.30 percent to $1.1310 against the greenback. Against the yen, the dollar was down 0.13 percent at 112.93. The euro is expected to meet resistance and support against the dollar at $1.1460 and $1.1160 respectively, while the dollar is expected to meet resistance and support against the yen at 114.43 and 111.43 respectively.

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