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ICBC Global Market: FX Market Update - January 23, 2018
 

The dollar index, which tracks the greenback against six major rivals, fell 0.19 percent to 90.401 on Monday, as news of U.S. senators striking a deal to lift a government shutdown failed to give a lasting boost to the weak dollar. The euro was up 0.33 percent to 1.2260 against the greenback, as market participants awaited the outcome of the European Central Bank's meeting on Thursday for possible clues to future shifts in the bank's monetary policy. Against the yen, the dollar edged up 0.14 percent at 110.91. The euro is expected to meet resistance and support against the dollar at $1.2410 and $1.2100 respectively, while the dollar is expected to meet resistance and support against the yen at 112.40 and 109.40 respectively.


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(2018-01-23)
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