EUR-USD rebounded to the mid-1.12s after clocking an 11-week low of 1.1098 during Asian trade. Forecast beating Eurozone ESI confidence and French GDP data helped give the euro a lift in thin markets (both UK and U.S. closed today). USD-JPY rallied to a one-month peak of 111.40, partly reflecting broader dollar gains and partly broader yen weakness. The gains in the U.S. currency reflect the rekindling of Fed tightening expectations, while generally firmer stock markets in Europe and Asia have encouraged yen selling.
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