EUR-USD extended to a new two-month peak of 1.1266 in New York PM trade before settling to narrow range trading near 1.1200. EUR-JPY and other euro crosses have seen a similar price action, while the dollar itself has managed to recover some recently lost ground against other currencies following perky U.S. data on Thursday. USD-JPY recovered from its foray to the mid-18s and is back in familiar territory in the mid-119s. Cable saw quite a sharp correction to the low 1.53s after peaking at 1.5498 on Wednesday. This occurred as EUR-GBP stormed to three-week highs on Thursday.
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