Dollar advances ahead of inflation data; cryptos crumble - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The greenback surged overnight against its peers and held to those gains in early Asia trade, pushing the Japanese yen away from a roughly two-week high hit in the previous session.The euro hobbled just above parity at $1.0016, some distance from its near-two-month high hit earlier in the week.

“I think that there’s every chance we’ll see a more extended correction in risk assets if we did see an upside surprise, because the market would be forced to price the Fed either higher, or higher for longer.” The risk-sensitive Aussie was last up 0.05% at $0.6434 while the kiwi gained 0.11% to $0.5890. Both had fallen over 1% overnight.

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