USD Drifts near 7wk Highs, Traders Consider US Rates Outlook

Yen slightly stronger on safehaven flows Focus on US inflation, Fed minutes China stock rally fizzles, yuan eases SINGAPORE, Oct 8 Reuters The dollar clung to sevenweek highs against major currencies on Tuesday as investors pondered the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk […]
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South African Rand Weakens, Focus on Upcoming US Data

JOHANNESBURG, Oct 8 Reuters The South African rand weakened in early trade on Tuesday, and was likely to take direction from U.S. inflation data and minutes from the Federal Reserve39;s September meeting due this week. At 0720 GMT, the rand traded at 17.48 against the dollar , about 0.6 weaker than its previous close. The […]
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