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ICBC Global Market: FX Market Update - December 2, 2016
 

The dollar index, which measures the greenback against a basket of six major rivals, fell 0.45 percent to 101.040 on Thursday as FX traders cashed in profits after last month’s sharp gains, and investors stayed on the sidelines ahead of today’s non-farm payroll report. The euro rose 0.71 percent to $1.0660 against the greenback after the European Central Bank hinted it might terminate its asset-buying plan. Against the yen, the dollar fell 0.31 percent at 114.08. The euro is expected to meet resistance and support against the dollar at $1.0800 and $1.0500 respectively, while the dollar is expected to meet resistance and support against the yen at 115.50 and 112.50 respectively.

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(2016-12-02)
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