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ICBC Global Market: FX Market Update - June 28, 2018
 

The U.S. dollar rallied against most currencies on Wednesday, including against traditional safe-havens, after a moderation in the U.S. administration's approach to Chinese investment. The dollar index, which tracks the greenback against six major rivals, rose 0.64 percent to 95.268. The euro fell 0.80 percent to 1.1552 against the greenback under pressure from worries about the trade conflict, the threat of a political crisis in Germany. Against the yen, the dollar was up 0.18 percent at 110.25. The euro is expected to meet resistance and support against the dollar at $1.1710 and $1.1420 respectively, while the dollar is expected to meet resistance and support against the yen at 111.80 and 108.70 respectively.

 

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(2018-06-28)
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