The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their forecasts of how high the U.S. Federal Reserve would need to raise interest rates to tame inflation.
"This will lift longer-term bond yields and short-term rate expectations. It will give the AUD a boost too.", which showed that nonfarm payrolls surged by 517,000 jobs in January, pointing to a stubbornly resilient labour market.
Similarly, the kiwi rose 0.29% to $0.6323, but was not far from Monday's one-month trough of $0.6271. The benchmark 10-year yields were last at 3.6192%, having similarly climbed to a four-week peak of 3.6550% in the previous session.
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