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ICBC Global Market: FX Market Update - December 7, 2017

The dollar index, which tracks the greenback against six major rivals, rose 0.25 percent to 93.610 on Wednesday, as market participants grew more optimistic about lawmakers' progress on U.S. tax legislation. The euro slipped 0.25 percent to 1.1795 against the greenback. Against the yen, the dollar was down 0.27 percent at 112.28. The euro is expected to meet resistance and support against the dollar at $1.1900 and $1.1680 respectively, while the dollar is expected to meet resistance and support against the yen at 113.80 and 110.80 respectively.

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