The dollar wobbled on Wednesday after China's manufacturing activity expanded at its fastest pace since April 2012 and exceeded forecasts, sparking some risk-on appetite that sent the safe-haven dollar lower.
rose less than expected in January, separate data showed on Wednesday, which could make the case for a slower pace of rate hikes by the Reserve Bank of Australia.
"But given what the RBA said at the last meeting, they seem to have already made up their minds and want to further raise interest rates."
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