The dollar has retained a softening tone, though ranges have been narrow. Markets are anticipating a dovish lean from Fed Chair Powell’s keynote Jackson Hole speech today. Wall Street yesterday produced fresh record highs for the S&P 500 and NASDAQ, though the main U.S. index futures are lower in overnight trading while most Asia stock markets have beaten a retreat. EUR-USD edged out a three-day high at 1.1850 on dollar weakening, though subsequently receded to a 1.1825 low, maintaining a narrow range for a fourth consecutive day.
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