Aussie Rises as Inflation Quickens; U.S. Dollar Ends Drop on Fed

  • Odds for rate reduction by mid-year decline in Australia
  • Traders on watch for Fed reaction to recent market turmoil

The Australian dollar rose against all its major peers after a report showed inflation accelerated, while a gauge of the U.S. currency halted its biggest slide in 2 1/2 weeks before a Federal Reserve decision.

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