The dollar was broadly lower in N.Y. trade on Wednesday, as another session of risk-off trade weighed. Stocks were crushed early on, as oil prices fell sharply. A smaller than feared EIA reported crude inventory build however, saw oil prices recover on short covering, which saw Wall Street losses halved, allowed yields to edge higher, and the dollar pull back from its worst levels. EUR-USD opened on session lows of 1.0980, and made its way to 1.1047 highs into the London close The pairing later settled in near 1.1020.
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