The dollar posted fresh lows against the euro and some other currencies, particularly the pound, which rallied on the back of the BoE’s post policy meeting statement, before managing a rebound. The USD index edged out a fresh 27-month low at 92.53, continuing what is a fourth consecutive week of decline and a fourth straight month of decline, dropping by just over 10% from the early March peak. The dollar subsequently lifted to 92.96. EUR-USD dropped back to near 1.1850 after pegging a fresh 27-month high at 1.1917.
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