The dollar majors have continued to trade relatively steadily. USD-JPY edged out a high at 110.81, which is the loftiest level seen since Friday, while EUR-USD has been narrowly orbiting 1.1300, consolidating after rebounding from Friday’s three-month at 1.1234. The euro has turned lower in the latest phase, which follows a batch of dovish-leaving ECB speakers which have maintained market speculation that the ECB is heading for another blast of Targeted Long-Term Refinancing Operations (TLTRO). European stock markets turned negative after a flat session in Asia.
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