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ICBC Global Market: FX Market Update - November 20, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.29 percent to 93.662 on Friday, as investors remained skeptical of U.S. Republicans' efforts to pass tax cuts after a barren first year for the Trump administration in Congress. The euro rose 0.20 percent to 1.1793 against the greenback. Against the yen, the dollar was down 0.87 percent at 112.07. The euro is expected to meet resistance and support against the dollar at $1.1900 and $1.1600 respectively, while the dollar is expected to meet resistance and support against the yen at 113.20 and 110.30 respectively.


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(2017-11-20)
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