One of the mysteries of the English language finally explained.
(generally of market prices) not straying outside a particular range.‘the euro remained rangebound, faltering again in its attempt to regain recent highs’
- ‘Bangkok share prices closed little changed, with the market rangebound as investors watched developments in oil prices and Hurricane Rita's progress toward major US energy facilities in Texas.’
- ‘‘As such, the market should be able to break out of the rangebound consolidation and head for a sustainable upswing after the uncertainty over Saturday's polls is out of the way,’ he said.’
- ‘The Canadian dollar is marginally higher in continued narrow, rangebound trading early Monday, though the currency is generally seen as retaining a defensive bias following last week's move to the weaker extremes of its trading range.’
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