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Dollar extends modest losses, volumes wane ahead of data
Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. After a week of wide currency market gyrations, investors appeared unwilling to make fresh bets ahead of Wednesday's U.S. inflation data and Thursday's European manufacturing reports In addition, the Federal Reserve is expected to follow through with its plan to end quantitative easing at the end of the month while benchmark U.S. interest rates are forecast to remain near zero ... (full story)