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ICBC Global Market: FX Market Update - July 11, 2018

The dollar index, which tracks the greenback against six major rivals, rose 0.08 percent to 94.152 on Tuesday, as global economic momentum appeared so far unscathed by trade tensions, prompting investors to buy riskier assets. The euro fell 0.06 percent to 1.1742 against the greenback. Against the yen, the dollar was up 0.13 percent at 110.98. The euro is expected to meet resistance and support against the dollar at $1.1890 and $1.1600 respectively, while the dollar is expected to meet resistance and support against the yen at 112.50 and 109.40 respectively.


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