The dollar has traded weaker against all but the yen out of the main currencies. The euro and Australian dollars have been the strongest, the former aided by relative hawkish ECB-speak and the latter boosted by above-forecast Australian GDP data, while the yen underperformed as safe haven premiums unwound some more amid gains in global stock markets. EUR-USD and euro crosses posted fresh highs concomitantly with a rise in Eurozone yields and an associated firming-up in expectations for the ECB to start cranking down on the monetary stimulus spigot.
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