Dollar poised for weekly loss as markets sail into data fog [CNBC]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: CNBC
Sopa Images | Lightrocket | Getty Images The dollar headed for a weekly fall on Friday as investors trimmed positions while waiting to assess a backlog of U.S. data following the government's reopening. Traders sold the greenback despite higher yields and expectations for a Federal Reserve rate cut next month receding. The move came alongside a selloff in U.S. equities and bonds, which spilled over into Asian share markets on Friday. “There's a whiff of ‘sell America' back in the air,” said Ray Attrill, head of FX research at National Australia Bank (NAB). More Fed officials signaled caution over further easing overnight, citing worries about inflation and signs of relative stability in the labor market. However, a slightly more hawkish Fed tone failed to lift the dollar, which fell to a two-week low against the euro in the previous session. The common currency bounced back above the $1.16 mark and traded 0.1% higher at $1.1644. The Swiss franc similarly held near an over
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