The Dollar majors have mostly been trading with little directional bias. USD-CAD has been an exception, trading over 0.3% higher to a three-day peak at 1.3360, in a move which concomitant with 1%-odd correction in oil prices. EUR-USD, meanwhile, has been plying a narrow range in the upper 1.1200s, matching yesterday’s 12-day high at 1.1287 at the highs. The final reading of German March HICP came in unrevised, at 1.4% y/y, as expected. USD-JPY settled near 111.0, above the 12-day low of yesterday, at 110.84.
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