The dollar faded in early N.Y. trade on Thursday, despite slower than expected jobless claims and a better than forecast Philly Fed index. Risk-off conditions prevailed, which soured USD sentiment to a degree. Trading ranges overall were relatively narrow however. EUR-USD based at 1.1828 early on, before topping at 1.1858 in late morning trade. USD-JPY meanwhile, bounced around inside of 112.30 to 112.63. USD-CAD made some upside progress late in the session, with short covering ahead of key Canadian CPI and retail sales data on Friday.
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