FX trade was relatively quiet in N.Y. on Monday, with the dollar meandering largely inside of narrow ranges. There was no data to drive prices, though a rebound on Wall Street following Friday’s steep sell-off largely helped USD sentiment. EUR-USD traded about a 50-point range just over 1.0710, as USD-JPY rallied from just under 119.00 to highs over 119.40. USD-CAD traded above last week’s lowest levels, though gains were limited by firmer oil prices.
[EUR, USD]