|
The dollar index, which tracks the greenback against six major rivals, fell 0.40 percent to 95.628 on Thursday after U.S. economic growth in the first quarter was revised up and the labor market remained robust, but St. Louis Federal Reserve chief James Bullard was "disconcerting" about inflation in the world's largest economy and its hawkish monetary policy. The euro rose 0.56 percent against the greenback at $1.1440. Against the yen, the dollar was down 0.11 percent at 112.16. The euro is expected to meet resistance and support against the dollar at $1.1533 and $1.1285 respectively, while the dollar is expected to meet resistance and support against the yen at 113.14 and 111.08 respectively.
Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.
|