The dollar’s weakening bias resurfaced during the European morning session, pushing the USD index (DXY) to a low at 92.92, which marks over a 50% retrace of Friday’s gain. EUR-USD concurrently lifted to a high at 1.1841, which is over 40 pips on last week’s closing level. The pair still remains comfortably below last week’s 27-month peak at 1.1967. USD-JPY has posted a sub-25-pip range so far today, holding in the mid-to-upper 105.00s.

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