FX market saw a quiet European session on Thursday, with the dollar
mixed across the board and most crosses consolidating within their
recent ranges. The EUR/USD trades around 1.2875, virtually unchanged
ahead of the NY, where investors will be watching for April inflation
data, housing starts, building permits and initial jobless claims.
However,
Antipodean currencies are underperforming. The Australian dollar fell
to a fresh 11-month low below 0.9800, while the Kiwi dollar hit a
6-month low against the greenback.
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