The narrow trade-weighted USD index (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EUR-USD concurrently retreated to a 1.1819 low, which is a pip shy of yesterday’s low and 2 pips shy of making it a big figure correction from yesterday’s 27-month peak. Cable posted a two day low at 1.3098, drawing back from the 1.3187 five-month peak seen Thursday following the warily upbeat BoE outlook. USD-JPY continued to ply a narrow range (less than 15 pips) around the 115.50 mark.
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