The dollar continued to rise, with EUR-USD and GBP-USD logging one-week lows at 1.1180, and 1.4156, respectively, USD-JPY clocking a six-day peak at 112.76 and USD-CAD recouping about two thirds of the losses seen yesterday. This reflects Fedspeak this week that has collectively eroded the less-hawkish than expected guidance from the Fed at last week's FOMC. The risk appetite backdrop has been mixed, moderately 'on' during the European AM session following a moderately 'off' session in Asia. Oil prices retreated over 1%.
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