FOREX-Dollar bounces before inflation data ...Middle East

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FOREX-Dollar bounces before inflation data
source : Devdiscourse ( Middle East ) () 58
The U.S. dollar jumped on Wednesday as investors position for U.S. and European inflation data due on Thursday, while the Australian and New Zealand dollars tumbled after New Zealand’s central bank cut its forecast peak for interest rates and Australian consumer price inflation held at a two-year low. Month-end portfolio rebalancing is also likely to sway market direction, with volatility picking up on Wednesday.

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