The Dollar has outperformed in early-week trading, while the Yen underperformed amid a backdrop of firmer global stock markets. The narrow trade-weighted USD index posted a six-week high at 96.87, EUR-USD, down for a sixth consecutive day, printed an 18-day low at 1.1297. The pair would only need to trade below 1.1289 to be in three-month low territory. Despite the decline in EUR-USD, the Euro has fared better against most other currencies, with prevailing losses having been driven by broader gains in the Dollar.
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