Home > News Updates > Financial News > ICBC Global Market
ICBC Global Market: FX Market Update - May 18, 2017
 

The dollar index, which tracks the U.S. currency against six major rivals, fell 0.54 percent at 97.575 as political turmoil in the United States boosted safe-haven assets after the Department of Justice appointed special procurator to start independent investigation. The euro rose 0.69 percent to $1.1158 against the greenback. Against the yen, the dollar tumbled 2.04 percent at 110.80. The euro is expected to meet resistance and support against the dollar at $1.1230 and $1.0900 respectively, while the dollar is expected to meet resistance and support against the yen at 112.00 and 108.50 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.


(2017-05-18)
Close