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ICBC Global Market: FX Market Update - December 21, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.14 percent to 93.313 on Wednesday, as investors have already factored in a comprehensive U.S. tax bill after the U.S. House of Representatives gave final approval to the U.S. tax code, sending the bill to President Donald Trump for his signature. The euro rose 0.26 percent to 1.1869 against the greenback. Against the yen, the dollar was up 0.44 percent at 113.38. The euro is expected to meet resistance and support against the dollar at $1.2000 and $1.1720 respectively, while the dollar is expected to meet resistance and support against the yen at 114.80 and 112.00 respectively.


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(2017-12-21)
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