Weakness in sterling and the Canadian dollar have highlighted an otherwise fairly featureless forex trade today with the dollar holding narrow ranges against the euro and yen. EUR-USD edged out a low of 1.1235 before recovering to near net unchanged levels near 1.1270. USD-JPY held comfortably with its Friday range, centred around the mid-111s. Japanese markets were closed for a public holiday. Oil prices came under pressure, showing losses of more than 1% before recouping somewhat.
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