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Session Recap: Dollar eases but remains strong

FXstreet.com (Córdoba) - The US dollar has continued to consolidate last week's gains versos its main competitors in a quiet Monday session. The EUR/USD managed to reverse earlier losses but remains capped below the 1.3000 mark. The cross fell to lows after comments from Italy's central bank governor Visco saying that the ECB could cut deposit rates below zero.

Meanwhile, GBP/USD consolidates minor gains around 1.5370 and USD/JPY trades virtually unchanged at the 101.60 area. The Australian dollar is among the worst performers amid concerns about China's growth prospects, with AUD/USD falling to an 11-month low of 0.9952.

Main Headlines in Europe (in chronological order):

Switzerland: Annual Real Retail Sales fall against expectations in March

ECB/Bk of Italy’s Visco says ECB could cut deposit interest rates into negative territory

Asian stock markets mixed on concerns over Chinese recovery

Commodities Brief – Precious metals retreat off highs, bearishness outlooks loom

Eurogroup expected to approve aid payments for Greece and Cyprus; Slovenia woes return

Italy debt auction meets target

European equity markets pull back Monday

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