US Dollar Near Lows As Aussie Rises
The US dollar hovered near a three-week low as traders monitored Middle East tensions and sliding Treasury yields. Meanwhile, the Australian dollar reached a three-week high following hawkish remarks from Reserve Bank of Australia officials regarding the inflation outlook.
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The United States dollar hovered near a three-week low during Wednesday morning trading as investors evaluated developments in the Middle East. The currency retreated toward 101.79 against a basket of six peers following a 0.2% decline in the previous session.
