The dollar and yen came back under pressure as risk-on positioning in global markets resumed. Most of the main dollar pairings and cross rates remained with recent ranges, though NZD-JPY saw a new one-year high, even as NZD-USD remained just off the 30-month high that was seen yesterday. Cable briefly traded above 1.3400 for the first time since early September before correcting. Europe’s Stoxx 600 equity index gained nearly 1%, drawing back in on its nine-month high.
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