The dollar traded lower, aided by a continued "Obama bounce" in Cable, which some also attributed to a bid tone in EUR-USD amid declining odds for Brexit, in addition to position jigging ahead of tomorrow's Fed announcement. EUR-USD lifted to a two-day peak at 1.1299, putting in some distance form yesterday's and Friday's lows at 1.1218. At the highs the euro was still showing a near 1.5% decline versus the 1.1466 six-month peak that was set exactly two weeks ago. The yen posted moderate gains amid a moderate risk-off backdrop during Asia and the first part of the European AM session.
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