FOREX-Dollar bounces before inflation data ...Middle East

The U.S. dollar jumped on Wednesday as investors position for U.S. and European inflation data due on Thursday, while the Australian and New Zealand dollars tumbled after New Zealand’s central bank cut its forecast peak for interest rates and Australian consumer price inflation held at a two-year low. Month-end portfolio rebalancing is also likely to sway market direction, with volatility picking up on Wednesday.

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