The major currencies have been posting narrow ranges so far today in thin trading conditions, with Japan and Singapore closed for public holidays and with the summer holiday season in full swing in Europe and North America. EUR-USD settled in a narrow range just above Friday’s six-day low at 107.55. Cable lifted moderately, to a 1.3076 intraday high, up from Friday’s six-day trough at 1.3009. At the same time, the perkiness of the pound pressured EUR-GBP to a four-day low at 0.9004. USD-JPY lifted, though has remained below Friday’s peak at 106.07.
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