Both the Dollar and Yen have been trading softer today as both currencies see recently built up safe-haven premium erode, with stock markets in Asia rallying quite strongly today. The narrow trade-weighted USD index corrected about half of Friday’s gain, while EUR-USD settled toward 1.1250 after printing a three-week low on Friday at 1.1210. The Aussie and Kiwi Dollars were outperforms, with both showing gains over nearly 0.5% versus the U.S. buck. USD-JPY edged out an 11-day high at 111.18.
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