The dollar came under some corrective pressure after week of gains against the yen and euro. EUR-USD lifted to the upper 1.12s, putting in some space from yesterday's two-week low at 1.1234. Markets overlooked a decline in the Eurozone trade surplus in February data, which is symptomatic of the impact of China's transition to a slower-growth plane. Cable also popped higher, while the yen outperformed, rebounding after edging out an eight-day low versus the dollar at 109.73 during Tokyo trade. USD-JPY at posted a low of 109.00, as of writing.
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