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ICBC Global Market: FX Market Update - June 12, 2018
 

The U.S. dollar index, which tracks the greenback against six major rivals, inched up 0.03 percent to 93.576 on Monday as the U.S. dollar and euro were range-bound ahead of decisive meetings of both central banks this week and President Donald Trump's summit with North Korean leader Kim Jong Un in Singapore. The euro rose 0.14 percent to 1.1782 against the greenback. Against the yen, the dollar was up 0.45 percent at 110.02. The euro is expected to meet resistance and support against the dollar at $1.1930 and $1.1640 respectively, while the dollar is expected to meet resistance and support against the yen at 111.50 and 108.60 respectively.

 

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(2018-06-12)
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