The dollar and yen are softer, with both currencies continuing to correlate inversely with global stock market direction. EUR-USD posted a four-day high at 1.1684, extending the rebound from the two-month low that was seen last Friday at 1.1612, and EUR-JPY lifted to an eight-day peak at 123.33. Cable and GBP-JPY have seen a similar price action. The pound outperformed yesterday on encouraging signs about EU and UK trade negotiations, which comes with the final week of talks having commenced in Brussels.

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