The Dollar was range bound, but remained heavy overall in N.Y.trade on Tuesday, consolidating sharp losses seen since last week. Slightly cooler than expected May U.S. PPI weighed some on the Greenback, while a sputtering Wall Street didn’t help the USD either, as Treasury yields turned marginally lower. EUR-USD managed 1.1331 highs, after opening near 1.1300. USD-JPY pulled back as risk appetite faded, bottoming at 108.45, after printing 108.80 at the open. Cable topped near 1.2730 from just under 1.2700, while USD-CAD reclaimed the 1.33 mark on softer oil prices.
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