The dollar remained firm, matching the near five-month high that was seen last were at 92.92 by the measure of the DXY index. EUR-USD concurrently reversed Friday’s gain in posting a low at 1.1763, which is just 2 pips shy of the near five-month high that was seen last Thursday. ECB’s de Cos stressed that there is an ongoing need for monetary accommodation, remarks which won’t surprise anyone but a reaffirmation of the central bank’s commitment to ultra accommodative policy.
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