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ICBC Global Market: FX Market Update - November 27, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.47 percent to 92.782 on Friday as investors grew optimistic about the strength of the euro zone's recovery, and after minutes from the Federal Reserve's latest meeting showed some policymakers were concerned about stubbornly weak U.S. Inflation. The euro rose 0.68 percent to 1.1930 against the greenback. Against the yen, the dollar was up 0.29 percent at 111.53. The euro is expected to meet resistance and support against the dollar at $1.2000 and $1.1720 respectively, while the dollar is expected to meet resistance and support against the yen at 113.00 and 110.50 respectively.


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(2017-11-27)
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