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ICBC Global Market: FX Market Update - October 22, 2018
 

The euro and British pound rallied against the U.S. dollar on Friday after a media reported that British Prime Minister Theresa May is ready to drop a key Brexit demand in order to make a deal for Britain to leave the European Union (EU). The dollar index fell 0.19 percent to 95.713 against a basket of currencies. The euro rose 0.53 percent to $1.1513. Against the yen, the dollar was up 0.32 percent at 112.54. The euro is expected to meet resistance and support against the dollar at $1.1663 and $1.1363 respectively, while the dollar is expected to meet resistance and support against the yen at 114.04 and 111.04 respectively.


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(2018-10-22)
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