EUR-USD wound back intraday losses that were seen in pre-Europe trading in Asia rising to the 1.2280-90 area. EUR-JPY, EUR-CHF and other euro crosses are also up, with the notable exception of EUR-GBP, which has descended further into three-month low terrain on pound outperformance, which has been bid on the expectation of positive news on a Brexit transition agreement will come from the meeting of respective UK and EU negotiators. USD-JPY recouped the 106.0 level in London trade after trading heavily in Tokyo.
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