Key Points
SINGAPORE, July 12 (Reuters) - Asian shares nudged higher and the dollar was at a two-month low on Wednesday ahead of crucial U.S. inflation data that will help gauge whether the Federal Reserve is at the end of its aggressive rate hike policy...
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.61% higher, while Australia's S&P/ASX 200 index (.AXJO) rose 0.54%..
Markets are pricing in a 92% chance of a 25 basis point hike later this month, CME FedWatch tool showed, but remain doubtful of further hikes after that...
The dollar index , which measures the U.S. currency against six peers, fell 0.197% at 101.40, having slid as low as 101.37, its lowest in two months...
The Japanese yen continued its ascent and has risen nearly 4% from a seven-month low of 145.07 it touched last month, a level that put traders on alert for possible intervention from Japanese authorities...
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