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The U.S. dollar extended its early weakness against other major currencies in the Asian session on Friday following the release of the U.S. producer inflation data showing the smallest annual increase in prices in nearly three years, adding to bets that the Fed could soon end its monetary tightening campaign.
The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Wednesday, as traders react positively to comments from several U.
The U.S. dollar fell against its major counterparts in the New York session on Wednesday, as the nation's consumer inflation slowed more than expected in June, raising hopes that the Federal Reserve may conclude its rate hiking cycle soon.
The Australian dollar weakened against other major currencies in the pre-European session on Monday. The Australian dollar fell to nearly a 1-month low of 94.
The U.S. dollar was lower against its major counterparts in the New York session on Friday, as softer-than-expected jobs data for June eased concerns about the rate outlook.