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ICBC Global Market: FX Market Update - June 29, 2018
 

The dollar index, which tracks the greenback against six major rivals, rose 0.12 percent to 95.386 on Thursday due to absence of any fresh escalation in trade-related tensions between the United States and its major trading partners. The euro rose 0.13 percent to 1.1567 against the greenback as German inflation rate in June stayed above the European Central Bank's goal. Against the yen, the dollar was up 0.21 percent at 110.48. 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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(2018-06-29)
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