The dollar index, which tracks the U.S. currency against six major rivals, fell 0.37 percent at 99.252 on Friday as the U.S. core consumer price index (CPI) increased weaker than expected, raising doubts about whether the Federal Reserve would raise interest rates at least two more times this year. The euro rose 0.62 percent to $1.0928 against the greenback. Against the yen, the dollar was down 0.45 percent at 113.33. The euro is expected to meet resistance and support against the dollar at $1.1050 and $1.0710 respectively, while the dollar is expected to meet resistance and support against the yen at 114.90 and 112.10 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.