The Dollar has weakened as Ankara’s successful efforts to halt the rout in the Turkish Lira have helped calm global markets. The Yen also softened as safe-haven premiums were unwound, while most the likes of the Euro and Australian Dollar traded firmer. EUR-USD been choppy around the 1.1400 level, so far holding within yesterday’s 1.1365 – 1.1431 range. USD-JPY recouped back to the 111.0 level after posting a seven-week low at 110.11 yesterday. The Pound ebbed back following the release of UK labour data after posting modest gains during the early London session.
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