The main theme has been dollar and yen firmness against most other currencies, amid a risk-off backdrop, though both currencies came off their highs. EUR-USD found its feet after posting a one-week low at 1.1685, settling back in the lower 1.1700s. There had bee a flurry of Euro selling a the European open, though the common currency ended up showing modest gains versus Sterling and the Swiss Franc, while showing modest losses to the Dollar and Yen (as of the early European PM session).
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