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ICBC Global Market: FX Market Update - January 11, 2018
 

The dollar index, which tracks the greenback against six major rivals, fell 0.21 percent to 92.332 on Wednesday after a report that some investors were ready to slow or halt its U.S. Treasury purchases. The euro was up 0.08 percent to 1.1945 against the greenback. Against the yen, the dollar edged lower 1.08 percent at 111.42 on speculation the Bank of Japan may wind back its monetary stimulus this year after the central bank trimmed the amount of its purchases of Japanese government bonds. The euro is expected to meet resistance and support against the dollar at $1.2180 and $1.1820 respectively, while the dollar is expected to meet resistance and support against the yen at 114.20 and 110.60 respectively.

 

 

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(2018-01-11)
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