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ICBC Global Market: FX Market Update - August 2, 2018
 

The dollar index rose 0.14 percent to 94.624 against a basket of currencies on Wednesday after the U.S. Federal Reserve kept interest rates unchanged but characterized the economy as strong, keeping the central bank on track to increase borrowing costs in September. The euro fell 0.28 percent to $1.1658. Against the yen, the dollar was down 0.13 percent at 111.71. 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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(2018-08-02)
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