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ICBC Global Market: FX Market Update - January 22, 2017
 

The dollar index, which measures the greenback against a basket of six major rival currencies, fell 0.41 percent at 100.74 in choppy trading on Friday as investors found few reasons to make big bets on the U.S. currency following newly sworn-in President Donald Trump's inauguration speech. The euro rose 0.34 percent at $1.0699 against the greenback. Against the yen, the dollar was down 0.23 percent at 114.60. The euro is expected to meet resistance and support against the dollar at $1.0800 and $1.0520 respectively, while the dollar is expected to meet resistance and support against the yen at 116.40 and 113.20 respectively.

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(2017-01-22)
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