The dollar is trading softer today against other currencies and commodities, the latter of which have managed to find a footing following the recent sell-off. There wasn't much in the way of data or other leads during the pre-Europe session in Asia. Chinese CPI rose 1.5% y/y in November, above the median forecast and up from 1.3% in October. EUR-USD lifted to new highs for the week above 1.09, making a high so far of 1.0928. EUR-JPY also nudged out a new high, though the euro has been steadier against other currencies, including in the cases against sterling and the Swiss franc.
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