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ICBC Global Market: FX Market Update - June 15, 2018
 

The U.S. dollar index, which tracks the greenback against six major rivals, rallied 1.13 percent to 94.772 on Thursday, as the European Central Bank decided to keep interest rates at record lows at least through the summer of 2019, a move that hit long bets on the euro. The single bloc currency tumbled 1.88 percent to 1.1567 against the greenback. Against the yen, the dollar was up 0.27 percent at 110.62. The euro is expected to meet resistance and support against the dollar at $1.1720 and $1.1430 respectively, while the dollar is expected to meet resistance and support against the yen at 112.10 and 109.20 respectively. (The update will suspend publishing during June 16-18. The issue on June 19 will introduce the market in the previous trading session.)

 

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(2018-06-15)
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