Major currency pairs were trading quietly on Monday as UK financial market was closed for summer bank holiday.
The dollar remained weak against the euro and sterling after a weaker-than-expected US housing report, adding to the worries over the nation’s housing sector. The existing home sales declined 0.2% to an annual rate of 5.75 million units in July, the slowest pace in two years.
The euro drifted in a narrow range between 1.3640 and 1.3680 versus the dollar, while the sterling approached 2.02 against the dollar.
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