FX trade was relatively light in N.Y. on Monday, though the dollar came under some renewed pressure, following the gains seen after Friday's jobs report, and ISM data. There was just an in-line factory orders report in the way of data, which had little lasting impact. Wall Street gyrated on either side of flat for much of the session, before turning lower into the close, as yields slipped back some. EUR-USD peaked at 1.1409, before fading into 1.1373. USD-JPY continued lower, touching 111.10 on deteriorating risk taking levels.
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