The dollar nursed losses against Asian currencies on Thursday, after softer-than-expected global economic data muddied the interest rate outlook and pushed down U.S. yields ahead of the Federal Reserve’s Jackson Hole symposium.
The Australian dollar , which had been taking a battering on signs of China’s slowdown and resilience in the U.S., jumped 0.9% on Wednesday after U.S. manufacturing and services PMIs missed expectations.
It held those gains on Thursday, as did the New Zealand dollar and, for the most part, the Japanese yen and emerging market currencies in Asia.
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