The dollar fell broadly, losing out to commodities currencies like the Australian dollar and against the euro, which got a lift from a raft of data that suggested European inflation may finally have peaked. | Reuters
A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, despite intense pressure from soaring energy prices.
Wednesday’s macro data has cast some doubt on this, Brown said. “That’s the big story markets are latching onto,” he said. The Aussie was last up 2.1 percent at $0.6868, set for its largest one-day gain in almost two months. The New Zealand dollar rose 1.56 percent to $0.6345.The offshore yuan rose 0.51 percent against the dollar to 6.8887, near its strongest for over four months.
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