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ICBC Global Market: FX Market Update - November 29, 2016
 

The dollar index, which measures the greenback against a basket of six major rivals, fell further by 0.16 percent to 101.330 on Monday as the dollar fell along with U.S. Treasury yields, surrendering some gains from the sharp rally following Donald Trump's surprise victory in the U.S. presidential election. The euro closed up 0.27 percent against the greenback at $1.0613. Against the yen, the dollar was kept in the negative territory throughout the session. It was down 1.01 percent at 111.92. 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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(2016-11-29)
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