The dollar majors traded in narrow ranges in early-week trade. EUR-USD was settled in the upper 1.09s in the wake of Friday's short-lived surge to 1.1113 on the weak ECI out of the U.S. Markets will this week continue to assess the employment cost report, which threw Fed outlooks into disarray and resulted in a hefty dip U.S. Treasury yields. A September hike had been generally priced in after the FOMC meeting, but now there are doubts. Upcoming reports will be important. The July employment release (Friday) will be the overall focal point.
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