Narrow ranges have prevailed in early-week trading so far. EUR-USD has seen no more than a 20-pip range, defined by 1.1299 and 1.1318, above Friday’s three-week low at 1.1270, which was printed amid broad demand for the Dollar following net-positive U.S. data. USD-JPY drifted modestly high in making an intraday peak at 113.52. Both pairings have remained comfortably within the respective ranges seen on Friday. Cable, which has declined for three consecutive weeks on Brexit-related angst, which left a 20-month low at 1.2476, steadied to a narrow range in the upper 1.2500s.
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