(Reuters) - A set of surprisingly tame inflation data from Australia poured cold water on expectations of a near-term interest rate hike there and made investors more cautious about buying other currencies based on monetary tightening prospects.
That led to some unwinding of carry trades, where purchases of high yielders, like the Aussie, are funded by cheap borrowing in low return units such as the yen or Swiss franc.
Read more at Reuters.com Hot Stocks News
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