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ICBC Global Market: FX Market Update - April 27, 2018
 

The dollar index, which tracks the greenback against six major rivals, rose 0.43 percent to 91.561 on Thursday, as the number of Americans filing for unemployment benefits dropped to the lowest level in more than 48 years last week and the goods trade deficit tumbled in March. The euro was down 0.48 percent to 1.2101 against the greenback after ECB President Mario Draghi hailed "solid" euro zone growth but kept rates unchanged. Against the yen, the dollar sagged 0.11 percent at 109.29. The euro is expected to meet resistance and support against the dollar at $1.2400 and $1.2020 respectively, while the dollar is expected to meet resistance and support against the yen at 110.20 and 106.90 respectively.

 

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(2018-04-27)
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