Reuters
The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, but the yen remained mired near 34-year lows even as Japanese officials stepped up intervention warnings. The Australian dollar made the most of a weakened greenback as it rallied on the back of hotter-than-expected local consumer price data, leading markets to abandon hopes for any rate cuts from the Reserve Bank of Australia in the near-term. "The Australian dollar has benefited from a re-evaluation of the RBA's monetary policy path, but geopolitical risks remain."