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ICBC Global Market: FX Market Update - March 19, 2018
 

The dollar index, which tracks the greenback against six major rivals, rose 0.10 percent to 90.233 on Friday, bolstered by solid U.S. economic data that further supported consensus expectations that the Federal Reserve will raise interest rates at next week's monetary policy meeting. The euro was down 0.14 percent to 1.2287 against the greenback. Against the yen, the dollar edged 0.31 percent lower at 106.00. 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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(2018-03-19)
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