The dollar index, which tracks the greenback against six major rivals, rose 0.96 percent to 94.612 on Thursday as the U.S. House of Representatives passed the 2018 budget resolution, taking a crucial step toward tax overhaul. The euro tumbled 1.37 percent against the greenback as the European Central Bank prolonged its bond purchases well into 2018, diminishing the chances the ECB would raise interest rates next year. Against the yen, the dollar was up 0.21 percent at 113.97. The euro is expected to meet resistance and support against the dollar at $1.1800 and $1.1550 respectively, while the dollar is expected to meet resistance and support against the yen at 115.50 and 112.00 respectively.
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