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ICBC Global Market: FX Market Update - April 21, 2017

The dollar index, which tracks the U.S. currency against six major rivals, rose 0.04 percent at 99.778 as domestic jobless claims came out slightly better than expected and Dallas Fed President Kaplan said three hikes in 2017 still a good baseline. The euro rose 0.05 percent at $1.0714 against the greenback after the newest poll showed Centrist Emmanuel Macron clung on to his status as favourite to win France's presidential election. Against the yen, the dollar was up 0.42 percent at 109.31. The euro is expected to meet resistance and support against the dollar at $1.0840 and $1.0603 respectively, while the dollar is expected to meet resistance and support against the yen at 110.99 and 107.13 respectively.

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