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ICBC Global Market: FX Market Update - February 12, 2019
On Monday (February 11), in the context of pending Sino-US trade negotiations and the market expectation of trade friction difficult to be solved in the short term, the US Dollar hit the high record in the year. The USD index closed at 97.057 after a rise of 0.43%. EUR against USD closed at 1.1275 after a fall of 0.47%. USD against JPY closed at 110.36, up 0.58%. The resistance and support levels of EUR against USD are expected to be 1.1425 and 1.1125 respectively. The resistance and support levels of USD against JPY are expected to be 111.86 and 108.86 respectively.