The dollar and yen have continued to underperform most other currencies amid a backdrop of rallying global stock markets, which has seen new record highs scaled on Wall Street and the MSCI Asia-Pacific (ex Japan) index rise by over 0.5% today. EUR-USD posted a fresh two-month high at 117.87, while EUR-JPY has lifted to five-month high territory. Cable and GBP-JPY, AUD-USD and AUD-JPY, like a slew of other dollar pairings and yen crosses, have seen similar price actions.
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