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ICBC Global Market: FX Market Update - October 19, 2017
 

The dollar index, which tracks the greenback against six major rivals, fell 0.16 percent at 93.363 on Wednesday, after the Federal Reserve's beige book showed the U.S. economy expanded at a modest to moderate pace, but there were still few signs of an acceleration in inflation, and after data showed U.S. homebuilding fell to a one-year low in September. The euro rose 0.18 percent against the greenback to $1.1787. Against the yen, the dollar was up 0.65 percent at 112.92. The euro is expected to meet resistance and support against the dollar at $1.1856 and $1.1744 respectively, while the dollar is expected to meet resistance and support against the yen at 113.43 and 112.15 respectively.

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(2017-10-19)
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