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ICBC Global Market: FX Market Update - March 13, 2018

The dollar index, which tracks the greenback against six major rivals, fell 0.22 percent to 89.895 on Monday, pressured by data showing persistently low wages that will likely constrain the U.S. Federal Reserve’s pace on raising interest rates. The euro was up 0.22 percent to 1.2332 against the greenback. Against the yen, the dollar edged 0.34 percent lower at 106.41. The euro is expected to meet resistance and support against the dollar at $1.2460 and $1.2150 respectively, while the dollar is expected to meet resistance and support against the yen at 107.70 and 104.60 respectively.


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