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.
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.