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

The U.S. dollar index, which tracks the greenback against six major rivals, fell 0.09 percent to 93.713 on Wednesday, as the Federal Reserve raised interest rates as expected and traders booked profits in advance of the European Central Bank's meeting. The euro rose 0.39 percent to 1.1789 against the greenback. Against the yen, the dollar was down 0.04 percent at 110.32. 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 111.90 and 109.00 respectively.


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