The FX market was quiet through the N.Y. session on Monday, as traders took a breather from the high volatility seen last week. The dollar was marginally lower across the board, following the sharp gains in the aftermath of the ECB press conference and surprise China rate cut. Disappointing new home sales prompted some paring of long USD positions, though Wall Street and Treasury yields were contained. EUR-USD found support into 1.1000 early in the session, before rallying to 1.1068 highs.
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