Dollar shines on US economic resilience; Aussie tumbles after employment data

Written by on August 17, 2023

SINGAPORE, Aug 17 (Reuters) - The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, while a strikingly ultra-dovish Bank of Japan struggled to defend its policy stance.

The Australian dollar tumbled after the country's



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