The US dollar is back near the bottom of the major bloc on the day - but take note that ranges are relatively confined still
A prelude of things to come? Most pairs are still stuck in ranges, and the jury is still out as the moves so far are quite limited.
EUR/USD is still capped by the 100-hour MA, while USD/JPY is only trading within a 38 pips range so far on the day. USD/CAD remains sidelined as well and cable is trying to decide where it wants to go - at 1.3833 now almost unchanged on the day.
There isn't anything else on the calendar for the European session trading, and we'll have to wait until 1330 GMT before the next set of data from the US comes in.
Barring any surprises, the trading session today could be a bit of a lull after yesterday's 'wild' moves - as the market takes a breather.
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