The dollar has traded moderately weaker after yesterday's across-the-board gains came to pause, while the euro has found a better footing. EUR-USD remains at the fulcrum of the forex market given the prevailing focus on Greece and Fed policy. The pair hit a 16-day low at 1.1334 yesterday and has since settled higher, above 1.1200 but still well off yesterday's high at 1.1347. A much weaker than expected German Ifo business confidence outcome had little impact. Markets are in cautious mood.
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