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ICBC Global Market: FX Market Update - October 11, 2018

The euro and sterling rose on Wednesday, underpinned by optimism for a Brexit deal, sending the dollar lower. The dollar index fell 0.17 percent to 95.508 against a basket of currencies. The euro inched up 0.25 percent to $1.1518. Against the yen, the dollar was down 0.59 percent at 112.27. The euro is expected to meet resistance and support against the dollar at $1.1668 and $1.1368 respectively, while the dollar is expected to meet resistance and support against the yen at 113.77 and 110.77 respectively.

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