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ICBC Global Market: FX Market Update - September 12, 2017
 

The dollar index, which tracks the greenback against six major rivals, rose 0.60 percent to 91.899 on Monday after the United Nations Security Council unanimously stepped up sanctions against North Korea on Monday over the country's sixth nuclear test, recovering risk appetite. The euro fell 0.68 percent against the greenback to $1.1951 after European Central Bank board member Benoit Coeure’s dovish comments on the ECB’s monetary policy. Against the yen, the dollar was up 1.45 percent at 109.39. The euro is expected to meet resistance and support against the dollar at $1.2100 and $1.1850 respectively, while the dollar is expected to meet resistance and support against the yen at 110.50 and 108.50 respectively.

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(2017-09-12)
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