The dollar index, which tracks the greenback against six major rivals, fell 0.68 percent to 91.663 on Thursday as New York Fed President William Dudley said on Thursday that the central bank should continue gradually raising U.S. interest rates given low inflation should rebound, and the number of Americans filing for unemployment benefits jumped due to hurricanes. The euro rallied 0.89 percent against the greenback to $1.2021 following European Central Bank President Draghi’s speech despite the ECB kept its monetary policy unchanged. Against the yen, the dollar was down 0.71 percent at 108.44. The euro is expected to meet resistance and support against the dollar at $1.2181 and $1.1915 respectively, while the dollar is expected to meet resistance and support against the yen at 110.62 and 108.00 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.