Dollar dips from peaks, sterling squeezed ahead of BoE [CNBC]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: CNBC
John Lamb | The Image Bank | Getty Images The dollar held just below multi-month highs Thursday, with a recovery in appetite for riskier assets pulling it off recent peaks, while sterling was under pressure ahead of a Bank of England meeting where investors anticipate a dovish tone. At $1.1495 against the euro the dollar hasn't budged a great deal, though it sits a fraction weaker from Tuesday's three-month top of $1.1469. Some of the largest movers overnight were the risk-sensitive Australian and New Zealand dollars which tracked a rebound in the stock market, as a sharp selloff in technology shares abated. The Aussie rose 0.3% overnight, bouncing from its 200-day moving average, to trade at $0.6508 in the Asia morning. The kiwi lifted from a seven-month low to buy $0.5665. Sensitive to risk The Antipodean currencies' gains came despite a sharp rise in U.S. yields that followed some encouraging U.S. labor data and hints from the Treasury Department of a future increase i
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