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ICBC Global Market: FX Market Update - April 8, 2018
 

The dollar index, which tracks the greenback against six major rivals, fell 0.39 percent to 90.108 on Friday, undermined by the ongoing trade dispute between China and the United States and a downbeat job report. The euro was up 0.35 percent to 1.2281 against the greenback. Against the yen, the dollar slid 0.43 percent at 106.91. The euro is expected to meet resistance and support against the dollar at $1.2430 and $1.2120 respectively, while the dollar is expected to meet resistance and support against the yen at 108.40 and 105.50 respectively.

 

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(2018-04-08)
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