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ICBC Global Market: FX Market Update - April 26, 2017
 

The dollar index, which tracks the U.S. currency against six major rivals, fell 0.31 percent at 98.785 on Tuesday as U.S. consumer confidence slipped in April and new home sales hit an eight-month high. The euro rallied 0.53 percent to $1.0925 against the greenback as the European Central Bank hinted tapering of its monetary policy. Against the yen, the dollar was up 1.21 percent at 111.08 on easing safe-haven sentiment. The euro is expected to meet resistance and support against the dollar at $1.1000 and $1.0800 respectively, while the dollar is expected to meet resistance and support against the yen at 112.50 and 110.00 respectively.

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(2017-04-26)
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