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ICBC Global Market: FX Market Update - May 16, 2018
 

The U.S. dollar index, which tracks the greenback against six major rivals, rose 0.68 percent to its highest since December at 93.219 on Tuesday, as data showed a pickup in U.S. consumer spending. The euro was down 0.74 percent to 1.1837 against the greenback. Against the yen, the dollar firmed 0.63 percent at 110.34. The euro is expected to meet resistance and support against the dollar at $1.1990 and $1.1680 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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(2018-05-16)
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