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ICBC Global Market: FX Market Update - October 10, 2018

The dollar index fell 0.10 percent to 95.668 on Tuesday due to a fall in U.S. bond yields after touching a seven-week peak against a basket of currencies. The euro inched down 0.01 percent to $1.1489. Against the yen, the dollar was down 0.26 percent at 112.94. The euro is expected to meet resistance and support against the dollar at $1.1640 and $1.1340 respectively, while the dollar is expected to meet resistance and support against the yen at 114.40 and 111.50 respectively.

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