The Dollar has continued to soften in thin markets today, with many centres in Asia and Europe out for the Labour Day holiday. EUR-USD lifted to an eight-day high at 1.1239, marking the fourth consecutive up day, extending the rebound from the 23-month low seen last Friday at 1.1111. Firmer than expected data out of the Eurozone yesterday gave the pairing a boost, though incoming U.S. data, particularly Friday’s release of the April payrolls report, should return some weight to the bearish side of the EUR-USD scales.
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