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ICBC Global Market: FX Market Update - January 5, 2017
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The dollar index, which measures the greenback against a basket of six major rival currencies, fell 0.49 percent to 102.70 on Wednesday, with investors cautious about increasing bets on the greenback without fresh clues on the U.S. economy and the timing of interest rate increases. The euro was last up 0.79 percent at $1.0486 against the greenback, buoyed by data showing business growth reached its highest in more than five years. Against the yen, the dollar was down 0.42 percent at 117.24. The euro is expected to meet resistance and support against the dollar at $1.0600 and $1.0400 respectively, while the dollar is expected to meet resistance and support against the yen at 118.75 and 115.50 respectively.
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（2017-01-05）
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