The dollar has ebbed, particularly against the euro and Australian dollar. EUR-USD lifted above Monday’s 1.1797 high in posting a peak at 1.1806, while AUD-USD came within a couple of pips of its Monday high at 0.7155. With USD-JPY holding a narrow range near 106.00, both EUR-JPY and AUD-JPY lifted, though both remained off their respective Monday peaks. The price action among the main forex pairings and cross rates belied a deteriorating risk appetite across asset markets, which saw European stock markets and U.S.
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