Flash: USD had been confined to ranges - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that before the flee to the dollar today post New Home Sales and general risk aversion, the US dollar had been confined to narrow ranges against the major currencies.

Key Quotes

"The euro, yen, and sterling ... well within yesterday's ranges. The dollar bloc was a bit heavier, but the Canadian dollar has fully recovery and the Aussie, nearly so, after disappointing (but dated) Q4 construction figures (-1.0% vs. +0.7% consensus)."