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ICBC Global Market: FX Market Update - November 14, 2017

The dollar index, which tracks the greenback against six major rivals, rose 0.10 percent to 94.490 on Monday, boosted by surging yields of U.S. Treasury bonds and Philadelphia Fed President Harker’s remarks in favor of an interest rate hike in December. The euro inched up 0.02 percent to 1.1665 against the greenback. Against the yen, the dollar was up 0.07 percent at 113.61. The euro is expected to meet resistance and support against the dollar at $1.1720 and $1.1540 respectively, while the dollar is expected to meet resistance and support against the yen at 114.20 and 112.40 respectively.


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