Home > News Updates > Financial News > ICBC Global Market
ICBC Global Market: FX Market Update - November 21, 2016
 

The dollar index, which measures the greenback against a basket of six major rivals, rose to its highest level since April 2003 on Friday, as traders piled bets on a massive dose of fiscal stimulus under a Trump U.S. Presidency and growing expectations the Federal Reserve would raise interest rates next month. The index rose 0.32 percent at 101.210. The euro fell 0.38 percent against the greenback tat $1.0585. Against the yen, the dollar rose 0.75 percent at 110.91. The euro is expected to meet resistance and support against the dollar at $1.0850 and $1.0452 respectively, while the dollar is expected to meet resistance and support against the yen at 111.26 and 107.10 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.


(2016-11-21)
Close