The dollar is amid a second of trading steadily, consolidating the sharp declines seen over the prior 10 days. The narrow trade-weighted USD index has posted a 93.60-80 range so far today, holding within yesterday’s range and above the 25-month low that was seen on Monday at 93.68. EUR-USD is showing modest gains, though has also remained with its Tuesday range and below the 22-month high see yesterday at 1.1782. Cable has settled in the lower 1.2300s, below the near five-month high seen Tuesday at 1.2953.
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