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ICBC Global Market: FX Market Update - October 12, 2017

The dollar index, which tracks the greenback against six major rivals, fell 0.29 percent at 93.015 on Wednesday as the U.S. Federal Reserve's latest minutes hinted increasing difference among inflation after several Fed officials expressed they would like more inflation data in the next few months when deciding on future rate hikes.The euro rose 0.43 percent against the greenback to $1.1857. Against the yen, the dollar was up 0.04 percent at 112.48. The euro is expected to meet resistance and support against the dollar at $1.1980 and $1.1660 respectively, while the dollar is expected to meet resistance and support against the yen at 114.50 and 110.50 respectively.

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