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ICBC Global Market: FX Market Update - September 25, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.02 percent to 92.171 on Friday, with tensions simmering on the Korean peninsula and as the boost from heightened expectations of a U.S. interest rate hike in December faded. The euro rose 0.11 percent against the greenback to $1.1952, after British Prime Minister Theresa May failed to give any concrete details for how Britain might retain preferential access to Europe's single market. Against the yen, the dollar was down 0.44 percent at 111.97. The euro is expected to meet resistance and support against the dollar at $1.2050 and $1.1850 respectively, while the dollar is expected to meet resistance and support against the yen at 113.70 and 110.50 respectively.

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(2017-09-25)
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