The dollar started the new week with the same softening bias it finished last week with. This saw EUR-USD log a new six-month peat at 1.1492 and USD-JPY a fresh 18-month low at 106.16. Trading conditions have been thin with London and Chinese markets among those closed for May Day public holidays. The euro was helped higher by an upward revision to final Eurozone manufacturing PMI data, while the yen, after gaining during the Tokyo session, subsequently corrected, and USD-JPY was showing a modest net gain by the early European PM session.
[EUR, USD]
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