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ICBC Global Market: FX Market Update - November 3, 2016
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The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.31 percent at 97.398 after the Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision. The euro and the yen hit an over three-week high against the greenback during the session on jittery of a U.S. Republican presidential candidate Donald Trump victory. The euro rose 0.37 percent to $1.1094. Against the yen, the dollar was down 0.80 percent to 103.29. The euro is expected to meet resistance and support against the dollar at $1.1177 and $1.0950 respectively, while the dollar is expected to meet resistance and support against the yen at 104.80 and 102.30 respectively.
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(2016-11-04)
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