Entry from US English dictionary
(Generally of market prices) not straying outside a particular range: the euro remained rangebound, faltering again in its attempt to regain recent highs
More example sentences
- 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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.