The FX market was fairly quiet through most of the N.Y. session on Tuesday, though the dollar posted gains late in the day. The unit rallied into the close, perhaps on the back of hawkish Fed comments from Lockhart, who appeared to be itching for a rate hike in September, and as late position adjustments ahead of Wednesday's ADP report stepped in. EUR-USD had traversed a 1.0980 to 1.0945 range through the morning, before sliding to 1.0894 lows in late afternoon.
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