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ICBC Global Market: FX Market Update - November 23, 2017
 

The dollar index, which tracks the greenback against six major rivals, tumbled 0.78 percent to 93.220 on Wednesday as the release of minutes from the Federal Reserve's most recent policy meeting, weak U.S. data and technical trading aligned to send the dollar tumbling against both safe-haven and risky currencies. The euro rose 0.71 percent to 1.1820 against the greenback. Against the yen, the dollar plunged 1.09 percent at 111.20. The euro is expected to meet resistance and support against the dollar at $1.2000 and $1.1600 respectively, while the dollar is expected to meet resistance and support against the yen at 112.84 and 109.40 respectively.


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(2017-11-23)
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