The DXY dollar index edged out a six-day low at 90.25 in what is now a third consecutive day of lower lows, despite both EUR-USD and Cable, while buoyant, remaining below their respective Wednesday highs. USD-JPY, however, printed a two-week low at 103.33, and AUD-USD saw a five-day high. USD-CAD remained heavy, just above yesterday’s 33-month low at 1.2604. Oil prices came off the boil after yesterday nearing 11-month highs, with data showing an unexpected build in U.S. weekly crude inventories curtailing the market’s upside, despite a re-acceleration in the global reflation trade.
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