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ICBC Global Market: FX Market Update - March 15, 2017
 

The dollar index against a basket of six major currencies rose 0.38 percent to 101.69 on Tuesday, bolstered by a widely expected U.S. interest rate increase from the Federal Reserve this week after U.S. producer prices increased more than expected in February, pointing to steadily rising inflation pressures. The euro fell 0.48 percent at $1.0602 against the greenback. Against the yen, the dollar was down 0.12 percent at 114.73. The euro is expected to meet resistance and support against the dollar at $1.0714 and $1.0569 respectively, while the dollar is expected to meet resistance and support against the yen at 115.93 and 113.72 respectively.

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(2017-03-15)
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