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Greenback struggles for traction as all eyes are on Fed
Published Wed, Jan 27, 2016 · 09:50 PM
London
THE dollar struggled to gain traction on Wednesday as investors awaited the outcome of a Federal Reserve meeting for clues on whether bets on a single US interest rate rise in 2016 are justified.
With investors largely in a wait-and-see mode before the Fed, Australia's dollar was the biggest mover, hitting a three-week high after a measure of domestic inflation came in slightly higher than expected.
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