The dollar lifted out of intraday lows in overall narrow ranges while global stock markets have beaten a retreat as today’s keynote address of Fed Chairman Powell looms up. EUR-USD ebbed to the lower 1.1800s after earlier edging out a three-day high at 1.1850, maintaining a narrow range for a fourth consecutive day. Cable edged out a six-day high at 1.3229 before settling, while AUD-USD lifted to an eight-day peak at 0.7264, returning focus to the 18-month high that was seen last week at 0.7276.

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