The dollar index, which measures the greenback against a basket of six major rival currencies, steadied later in the session at 101.180 on Monday in thinned trading due to the Martin Luther King Jr. Day. The euro was down 0.39 percent at $1.0600 against the greenback. Against the yen, the dollar was down 0.29 percent at 114.18. The euro is expected to meet resistance and support against the dollar at $1.0760 and $1.0480 respectively, while the dollar is expected to meet resistance and support against the yen at 116.30 and 112.30 respectively.

Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.