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ICBC Global Market: FX Market Update - January 8, 2018
 

The dollar index, which tracks the greenback against six major rivals, rose 0.10 percent to 91.949 on Friday as investors reckoned a weaker-than-expected U.S. December non-farm payrolls report would not deter the Federal Reserve from raising interest rates multiple times this year. The euro was down 0.32 percent to 1.2028 against the greenback. Against the yen, the dollar edged up 0.28 percent at 113.06. The euro is expected to meet resistance and support against the dollar at $1.2180 and $1.1920 respectively, while the dollar is expected to meet resistance and support against the yen at 114.20 and 111.60 respectively.


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(2018-01-08)
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