Cool U.S. CPI data was the story for the Dollar in N.Y. on Thursday, which resulted in the Greenback initially losing ground across the board. As risk appetite picked up on hopes for progress on global trade, Wall Street rallied, allowing risk-sensitive USD-JPY to advance to just shy of 112.00. Safe-haven Dollar flows reversed however, sending EUR-USD briefly over 1.1700. USD-CAD rallied on softer oil prices, peaking at 1.3026. Cable meanwhile, followed EUR-USD’s lead, topping at 1.3121.
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