The FX market was relatively calm in N.Y. trade on Monday, with the dollar overall mixed. Soft U.S. data weighed on the USD in morning dealings, though the earlier negative EU CPI data kept EUR-USD on a downward pointing slope. The pairing posted new one-month lows of 1.0860 into the London close. USD-JPY remained heavy following another lower China yuan fixing, and modest Wall Street gains were not enough to support through the morning session. Cable managed to recover from fresh seven-year lows of 1.3836, later topping at 1.3946. Brexit remains the ongoing weight around sterling's neck.
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