Oliver Mangan: Dollar trades in tight range against euro — for the time being 

It has been much smoother sailing in currency markets this year, compared to previous years

The Canadian, Australian and New Zealand dollars, as well as the Swiss franc, have been quite range-bound this year.

We have seen big movements in bond and equity markets so far this year, with considerable volatility in trading, amid mixed signals from economic data and changes in expectations on the outlook for interest rates. 

However, while asset markets have been very unsettled, the major currencies have operated within relatively narrow trading ranges, with the notable exception of the continued weakening of the yen.