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ICBC Global Market: FX Market Update - November 30, 2016
 

The dollar index, which measures the greenback against a basket of six major rivals, fell 0.40 percent to 100.93 Tuesday on diverging expectations on key events including U.S non-farm payroll report due Friday and the Federal Reserve”s policy meeting next month. The euro rose 0.32 percent to $1.0647 against the greenback as the European Central Bank hinted that it would buy in Italian sovereign debts in case of market volatility arising from its referendum. Against the yen, the dollar rose 0.39 percent at 112.36. The euro is expected to meet resistance and support against the dollar at $1.0750 and $1.0500 respectively, while the dollar is expected to meet resistance and support against the yen at 114.00 and 110.00 respectively.

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(2016-11-30)
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