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ICBC Global Market: FX Market Update - July 3, 2018
 

The dollar index, which tracks the greenback against six major rivals, rose 0.42 percent to 95.035 on Monday, benefiting from mounting global trade tensions and political developments in Europe, as investors scooped up the greenback as a safe-haven bet. The euro fell 0.38 percent to 1.1639 against the greenback. Against the yen, the dollar was up 0.21 percent at 110.89. The euro is expected to meet resistance and support against the dollar at $1.1720 and $1.1430 respectively, while the dollar is expected to meet resistance and support against the yen at 112.00 and 109.10 respectively.

 

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(2018-07-03)
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