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ICBC Global Market: FX Market Update - October 29, 2018
 

The dollar index fell 0.33 percent to 96.359 against a basket of currencies on Friday, falling from the two-month high hit earlier in the day after news of stronger-than-expected third-quarter gross domestic product, and as the Wall Street closed lower. The euro rose 0.24 percent to $1.1401 against the greenback. Against the yen, the dollar was down 0.45 percent at 111.89. The euro is expected to meet resistance and support against the dollar at $1.1551 and $1.1251 respectively, while the dollar is expected to meet resistance and support against the yen at 113.39 and 110.39 respectively.


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(2018-10-29)
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