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ICBC Global Market: FX Market Update - August 28, 2018
 

The dollar index fell 0.39 percent to 94.779 against a basket of currencies on Monday, as risk appetite improved and investors unwound some safe-haven bets on the currency after the United States and Mexico reached a trade deal. The euro rose 0.48 percent to $1.1677. Against the yen, the dollar was down 0.13 percent at 111.08. The euro is expected to meet resistance and support against the dollar at $1.1830 and $1.1520 respectively, while the dollar is expected to meet resistance and support against the yen at 112.60 and 109.50 respectively.

 

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(2018-08-28)
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