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ICBC Global Market: FX Market Update - April 16, 2018

The dollar was little changed on Friday as traders waited for more clarity on a possible Western military intervention in Syria. The dollar index, which tracks the greenback against six major rivals, fell 0.05 percent to 89.800. The euro was up 0.03 percent to 1.2329 against the greenback. Against the yen, the dollar inched up 0.01 percent at 107.33. The euro is expected to meet resistance and support against the dollar at $1.2480 and $1.2160 respectively, while the dollar is expected to meet resistance and support against the yen at 108.80 and 105.90 respectively.


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