Key Points
LONDON (Reuters) -The U.S. dollar stood near a one-week high against a basket of currencies on Tuesday, ahead of a flurry of employment data that could upend investor expectations for the interest rate outlook...
The yuan held steady in the face of a downgrade to the outlook for Chinas credit rating from Moodys, as major state-owned banks stepped in to stem any slide by selling dollars...
The euro took a modest early knock from comments by European Central Bank member Isabel Schnabel, who said in an interview with Reuters that interest rate hikes were off the table, given the recent remarkable fall in inflation...
The yuan held steady after Moodys decision to cut Chinas credit outlook to negative on Tuesday, thanks in part to state-owned banks that were seen swapping yuan for U.S. dollars in the onshore swap market and selling those dollars in the spot market, two sources with knowledge of the matter said...
The Australian dollar fell 0.9% to $0.6558, below Mondays four-month high, after the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35% on Tuesday, as widely expected, and noted that economic data received since November had been broadly in line with forecasts...
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