Dollar on back foot after weak ISM; Aussie awaits RBA

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The dollar languished well below last week’s 2-1/2-month highs on Tuesday after unexpectedly soft U.S. services data firmed up expectations for a rate pause at the Federal Reserve’s meeting next week but clouded the policy outlook for the months ahead. The Aussie hovered not far from last week’s high ahead of the Reserve Bank of Australia’s policy decision later in the day, with analysts and investors split over whether the central bank will hike or hold. Leading cryptocurrency bitcoin sagged toward the psychological $25,000 mark after U.S. regulators sued B…

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