EUR-USD ebbed over 50 pips back to the 1.1200 area during quite, London-less European AM trade. Slightly firmer warmer than expected Eurozone inflation data had little impact on the euro. The late rebound in Chinese stock markets, meanwhile, where the Shanghai Composite finished with a relatively moderate 0.8% decline after much heftier intraday losses, helped foster an unwind in haven euro positioning.
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