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EUR/USD – The Euro reversed its grind lower, rebounding after a cautious ECB meeting outcome buoyed by upbeat Euro area (Germany, France, and Eurozone) Markit PMI readings. The shared currency outperformed its peers climbing to an overnight high at 1.2100 from Friday’s open of 1.2015, and an overnight low at 1.2012. This was the Euro’s highest close since early March (March 3). The Euro’s advance left the Greenback reeling against its peers.
USD/JPY – the Dollar extended its grind lower against the Japanese Yen, slipping to an overnight low at 107.476 before rallying to settle at 107.85 at the New York close. The USD/JPY pair last traded at the 107.45 level in early March, after hitting 110.85 on April 2.