The dollar was again range bound through the N.Y. session on Wednesday, ranging between 1.1337 and 1.1364 against the euro, and 119.84 to 120.09 versus the yen. For EUR-USD, we look for quiet conditions to prevail overnight, ahead of Thursday's ECB meeting, where focus will be on hints for future upping of QE measures. USD-JPY looks set to remain in buy the dip mode as the BoJ meeting looms at the end of the month. USD-CAD rallied to better than two-week highs of 1.3133, as the BoC left rates unchanged, as expected, though downgraded their growth outlook.
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