Overall, FX trade was relatively light in N.Y. on Monday, though the dollar was marginally weaker overall. EUR-USD topped out at 1.1447 early in the session, after opening near 1.1385, as USD-JPY half-heartedly rallied to 108.44 highs, before falling back into 107.79, as Wall Street pared gains. Cable shorts were squeezed in London morning dealings, with that pairing extending to 1.4287 highs in N.Y. USD-CAD took advantage of firmer oil prices, and dropped to 1.2892 lows. WTI crude spent much of the session over the key $40/bbl mark. There was no U.S.
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