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ICBC Global Market: FX Market Update - September 21, 2018
 

The dollar index fell 0.66 percent to 93.912 against a basket of currencies on Thursday as a resurgence in global risk appetite after the United States and China announced new import tariffs this week that were less harsh than expected curbed safe-haven demand for the greenback. The euro rose 0.88 percent to $1.1775. Against the yen, the dollar was up 0.19 percent at 112.48. The euro is expected to meet resistance and support against the dollar at $1.1925 and $1.1625 respectively, while the dollar is expected to meet resistance and support against the yen at 113.98 and 110.98 respectively. (The update will suspend publishing during September 22-24. The issue on September 25 will introduce the market in the previous trading session.)

 

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(2018-09-21)
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