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ICBC Global Market: FX Market Update - March 23, 2018
 

The dollar index, which tracks the greenback against six major rivals, rose 0.08 percent to 89.857 on Thursday as U.S. President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of imports from China. The euro was down 0.29 percent to 1.2300 against the greenback. Against the yen, the dollar edged 0.74 percent lower at 105.26 as traders sought safety in the Japanese currency amid global trade tensions. The euro is expected to meet resistance and support against the dollar at $1.2460 and $1.2150 respectively, while the dollar is expected to meet resistance and support against the yen at 107.70 and 104.00 respectively.

 

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(2018-03-23)
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