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ICBC Global Market: FX Market Update - August 28, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.58 percent to 92.740 on Friday, as Federal Reserve chief Janet Yellen disappointed some investors by making no mention of U.S monetary policy in her speech in Jackson Hole, Wyoming. The euro rose 1.08 percent against the greenback at $1.1924 as the ECB president Mario Draghi showed no concern over a strong euro. Against the yen, the dollar was down 0.18 percent at 109.34. The euro is expected to meet resistance and support against the dollar at $1.2000 and $1.1750 respectively, while the dollar is expected to meet resistance and support against the yen at 110.20 and 108.10 respectively.

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(2017-08-28)
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