The dollar and other two G3 currencies continued to ply narrow ranges, remaining comfortably within respective Monday highs and lows in quite trade. Sterling, meanwhile, took a dip upon the reopening of London markets after the Christmas break, which sent Cable to a low of 1.4821 after opening near 1.4880. The Aussie and Kiwi dollars also rallied, aided by firmer commodity and stock markets following a suggestion from the PBoC that it would maintain credit growth. There remains little data of note, little market volume and little trading impetus.
[EUR, USD]
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