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Investing.com– Most Asian currencies crept lower on Wednesday, while the dollar retained some overnight gains after hotter-than-expected U.S. inflation data kept fears of higher-for-longer interest rates in play.
The was an outlier, however, as it benefited from growing conviction that the Bank of Japan was set to raise interest rates soon. But gains in the yen were still held back by concerns over U.S. rates.
Dollar steady as CPI beats expectations, more econ. cues on tap
The and fell slightly in Asian trade, but retained a bulk of their overnight gains after a stronger-than-expected…
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