Signs of a peaking out in European inflation on Monday echoed the narrative in the United States, providing more evidence that the biggest central banks are nearing the end of their tightening cycles.in China's manufacturing sector in a private-sector survey released Tuesday was largely ignored as investors focused on stimulus steps from Beijing to support the ailing post-pandemic recovery.
The U.S. dollar index - which measures the currency against six major peers - rose 0.2% to reached 102.07 for the first time since July 10. The Aussie weakened 0.34% to $0.66955, putting it around the middle of its trading range of the past week.
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