After an early dip due to softer income and spending data, the Dollar rallied in N.Y. on Friday. Stronger housing and sentiment data later took the DXY to 97.28 highs from 97.01 lows. Yields firmed up with Wall Street, which posted moderate gains. EUR-USD topped at 1.1246, up from 1.1210 ahead of the open, later pulling back under 1.1220. USD-JPY peaked at one-week highs of 110.94, while USD-CAD plunged to 1.3342 on better Canada GDP, and firm oil prices. Cable fell to three-week lows of 1.2978 after U.K. PM May’s Brexit vote failed miserably for the third time.
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