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ICBC Global Market: FX Market Update - June 6, 2018
 

The U.S. dollar index, which tracks the greenback against six major rivals, fell 0.13 percent to 93.898 on Tuesday, as the euro rallied after Italian Prime Minister Giuseppe Conte said the government had never considered leaving the euro zone and the European Central Bank could conclude its next policy meeting this month with a public announcement on when its quantitative easing program would end. The euro rose 0.16 percent to 1.1717 against the greenback. Against the yen, the dollar was down 0.02 percent at 109.78. The euro is expected to meet resistance and support against the dollar at $1.1840 and $1.1550 respectively, while the dollar is expected to meet resistance and support against the yen at 110.90 and 107.40 respectively.

 

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(2018-06-06)
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