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ICBC Global Market: FX Market Update - May 17, 2018

The U.S. dollar index, which tracks the greenback against six major rivals, rose 0.19 percent to 93.392 on Wednesday, extending recent gains supported by relatively robust U.S. economic data. The euro was down 0.25 percent to 1.1807 against the greenback. Against the yen, the dollar firmed 0.04 percent at 110.38. The euro is expected to meet resistance and support against the dollar at $1.1960 and $1.1670 respectively, while the dollar is expected to meet resistance and support against the yen at 111.80 and 108.70 respectively.


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