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ICBC Global Market: FX Market Update - September 13, 2017

The dollar index, which tracks the greenback against six major rivals, inched down 0.02 percent to 91.882 on Tuesday after U.S. President Donald Trump said U.N. sanctions on North Korea are just beginning of “what ultimately will have to happen." The euro rose 0.12 percent against the greenback to $1.1965. Against the yen, the dollar was up 0.70 percent at 110.16 on eased safe-haven sentiment. The euro is expected to meet resistance and support against the dollar at $1.2100 and $1.1850 respectively, while the dollar is expected to meet resistance and support against the yen at 111.50 and 109.50 respectively.

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