The U.S. dollar index, which tracks the greenback against six major rivals, rose 0.04 percent to 93.677 on Monday, as news of a truce between the United States and China on trade tariffs prompted investors to pare back short positions on the greenback. The euro was up 0.13 percent to 1.1790 against the greenback. Against the yen, the dollar added 0.27 percent at 110.04. The euro is expected to meet resistance and support against the dollar at $1.1940 and $1.1650 respectively, while the dollar is expected to meet resistance and support against the yen at 112.20 and 109.30 respectively.

Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.