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ICBC Global Market: FX Market Update - March 9, 2017
 

The dollar index against a basket of six major currencies rose 0.26 percent to 102.07 on Wednesday, as data showed U.S. private sector payrolls rose more than expected for February, increasing investor expectations of an increase in interest rates by the Federal Reserve later this month. The euro fell 0.25 percent at $1.0539 against the greenback. Against the yen, the dollar was up 0.32 percent at 114.32. The euro is expected to meet resistance and support against the dollar at $1.0660 and $1.0460 respectively, while the dollar is expected to meet resistance and support against the yen at 115.20 and 112.20 respectively.

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(2017-03-09)
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