The dollar traded steady-to-firmer today. EUR-USD drifted back under 1.2250 after a rebound capped out at 1.2287, shy of yesterday’s 1.2295 high to maintain the run of lower highs that’s been seen since the release of the January U.S. jobs report last Friday, which catalysed market expectations for the Fed to recommit to tightening monetary policy. The biggest mover was Cable, which dropped over 0.5% to a three-week low of 1.3829 following misses in UK industrial production and trade data.
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