Home > News Updates > Financial News > ICBC Global Market
ICBC Global Market: FX Market Update - October 23, 2018
 

The U.S. dollar rose on Monday as the British pound fell on news that Brexit negotiations with the European Union over Northern Ireland remain in flux and as the euro continued its slide on political uncertainty over Italy's budget. The dollar index fell 0.31 percent to 96.013 against a basket of currencies. The euro fell 0.43 percent to $1.1463. Against the yen, the dollar was up 0.23 percent at 112.80. The euro is expected to meet resistance and support against the dollar at $1.1613 and $1.1313 respectively, while the dollar is expected to meet resistance and support against the yen at 114.30 and 111.30 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.


(2018-10-23)
Close