Forex markets have remained directionally unambitious. AUD-USD has been the main exception, with the pairing lifting by about 40 pips to within a whisker of the three-week seen yesterday at 0.7152. The move was sparked by remarks from RBA’s Debelle, who was upbeat about the labour market. Elsewhere, EUR-USD settled in the mid 1.1200s, down from the two-week high seen yesterday at 1.1284. Cable held steady near 1.3050 while USD-JPY hunkered down in a narrow range in the lower 111.0s, above the nine-day low seen yesterday at 110.98.
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