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ICBC Global Market: FX Market Update - August 1, 2018
 

The dollar index rose 0.18 percent to 94.493 against a basket of currencies on Tuesday, ahead of the conclusion of the U.S. Federal Reserve's two-day monetary policy meeting. The euro fell 0.11 percent to $1.1691. Against the yen, the dollar was up 0.72 percent at 111.86, after the Bank of Japan said it intends to keep rates low for an "extended period of time". The euro is expected to meet resistance and support against the dollar at $1.1840 and $1.1560 respectively, while the dollar is expected to meet resistance and support against the yen at 112.70 and 109.80 respectively.

 

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(2018-08-01)
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