The U.S. dollar eased on Tuesday following its best rally this month against major peers as a resilient U.S. labour market bolstered the case for a Federal Reserve rate hike next month.
At the same time, bets for a peak in U.S. rates in coming months spurred leading cryptocurrency bitcoin toThe Australian dollar jumped 0.46% to $0.66725, clawing back all of the previous day's losses, amid a thawing of trade tensions with China, as the pair agreed to end aThe U.S. dollar index - which measures the greenback against six major counterparts - slipped 0.16% to 102.31, following a 0.39% advance at the start of the week. The index had dropped to a two-month low of 101.
"The BOJ under Mr. Ueda will intentionally try to be behind the curve and push up inflation expectations a little further, so he needs to keep the exchange-rate stable," said Masayuko Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management in Tokyo.
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