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Dollar wavers as traders turn to payrolls

Mount Equity Group Tokyo Japan > News > Markets > Dollar wavers as traders turn to payrolls
  • Dollar struggles to hold Wednesday surge
  • Aussie, kiwi lead gains
  • ECB minutes eyed

SYDNEY, Oct 6 (Reuters) – The dollar wobbled in a choppy Asia session on Thursday, as investors looked ahead to U.S. labour and inflation data where softness may signal an eventual slowdown in U.S. rate hikes.

After surging on Wednesday, the greenback struggled to hold the gains and fell 0.4% to $0.9922 per euro and 0.3% against sterling.

The risk-sensitive Australian and New Zealand dollars gained more than 0.5% to lift the Aussie over $0.65 and the kiwi to a two week high above $0.58.

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U.S. jobs data is due on Friday and inflation figures next week. Federal Reserve officials have repeatedly stressed they will hike and hold rates high until inflation subsides, and markets expect a steep 75 basis point hike next month.

However, an unexpectedly modest 25 basis point hike in Australia this week raised…

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