The Dollar majors have been plying narrow ranges so far today, with volumes low amid Labour Day holidays, which has closed China and Hong Kong, along with Singapore and others, while Japan has remained out for its week-long Golden Week hiatus. All the the main dollar pairings and associated cross rates that we keep tabs on have seen less than 20 pips ranges. EUR-USD has been settled in the in the lower 1.1200s, below yesterday’s peak at 1.1229, consolidating after a three straight day rebound from the 23-month low seen last Friday at 1.1111.
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