SINGAPORE, Feb 7 — The dollar hovered near a one-month peak today as traders raised their forecasts of US Federal Reserve interest rate levels needed to tame inflation, as a stubbornly resilient labour market remains largely immune to aggressive rate hikes.
Similarly, the kiwi rose 0.06 per cent to US$0.6308, but was not far from yesterday’s one-month trough of US$0.6271. The benchmark 10-year yields were last at 3.6305 per cent, having similarly climbed to a four-week peak of 3.6550 per cent in the previous session. Ahead of the Reserve Bank of Australia’s interest rate decision later today, the Aussie gained 0.23 per cent to US$0.6899.
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