Antipodeans hold onto recent gains as global markets await U.S. inflation data

Published by
Reuters UK

By Alun John HONG KONG (Reuters) – The Aussie and Kiwi dollars held recent gains to hover near multi-week highs on Thursday in line with investors’ recent turn towards riskier assets like equities, but currencies were little changed ahead of U.S. inflation data later in the day. That data could provide new clues for traders about the pace of the Federal Reserve’s monetary tightening, with hotter-than expected consumer price readings potentially signalling the need for more aggressive interest rate hikes. The Australian dollar was last at $0.7174, not far from the $0.7194 touched the day before…

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