US dollar rally pauses before jobs data, Aussie falls on RBA outlook

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TOKYO :The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S.monetary policy.

The dollar-yen pair, which tends to track U.S.yields closely, slipped 0.08 per cent to 153.26, after retreating from a three-month peak of 153.87 on Tuesday.

"The weight of capital (has been) moving to push Trump's odds in the betting markets to a new high implied, although many remain conditioned to see this more as noise and less of a signal," said Chris Weston, head of research at Pepperstone.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaUnited States

Topics: Wednesday Dollar Yields Reserve Bank Inflation Tuesday Rate Cent Three-month Australia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 09:23:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 874 words

Reading Time: 5 minutes read

Sentences: 24 lines

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Copyright Owner: © Channel News Asia

News ID: 23335837

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