The dollar rallied in morning U.S. trade on Wednesday, and while there was no U.S. data to drive the market, a rebound on Wall Street helped sentiment to a degree. taking EUR-USD to trend lows of 1.0820, as Greece concerns remained front and center. USD-JPY meanwhile rallied to near eight-year highs, cracking the 124 mark, and coming within a few points of levels last seen in June of 2002. USD-CAD rallied ahead of the BoC announcement, stopping just short of 1.2500. Weaker oil prices weighed on the CAD through the session, though the BoC didn't offer up any surprises.
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