Home > News Updates > Financial News > ICBC Global Market
ICBC Global Market: FX Market Update - March 30, 2017
 

The dollar index rose 0.29 percent to 99.998 against a basket of currencies on Wednesday on outlooks for U.S. and European interest rates and as investors saw the selloff that followed U.S. President Donald Trump's healthcare setback as overdone. The euro fell 0.43 percent at $1.0766 against the greenback. Against the yen, the dollar was down 0.08 percent at 111.03. The euro is expected to meet resistance and support against the dollar at $1.1000 and $1.0600 respectively, while the dollar is expected to meet resistance and support against the yen at 113.50 and 108.50 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.


(2017-03-30)
Close