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ICBC Global Market: FX Market Update - August 14, 2018
 

The dollar index rose 0.04 percent to 96.391 against a basket of currencies on Monday after investors rushed into safer assets, such as the yen and Swiss franc, on fears of market contagion from a dramatic slide in the Turkish lira. The euro fell 0.02 percent to $1.1408. Against the yen, the dollar was down 0.19 percent at 110.71. The euro is expected to meet resistance and support against the dollar at $1.1680 and $1.1110 respectively, while the dollar is expected to meet resistance and support against the yen at 112.60 and 109.60 respectively.

 

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(2018-08-14)
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