Home > News Updates > Financial News > ICBC Global Market
ICBC Global Market: FX Market Update - September 22, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.35 percent to 92.187 on Thursday, as bets stoked by the Federal Reserve signalling it may raise interest rates in December abated. The euro rose 0.40 percent against the greenback to $1.1939,  with traders hopeful that a speech from Prime Minister Theresa May would signal she wants a "soft" exit for Britain from the European Union. Against the yen, the dollar was up 0.22 percent at 112.46. The euro is expected to meet resistance and support against the dollar at $1.2030 and $1.1710 respectively, while the dollar is expected to meet resistance and support against the yen at 114.30 and 110.70 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.


(www.chinaview.cn 2017-09-22)
Close