The dollar extended losses catalysed by the dovish turn of Fed chair Yellen yesterday. This yielded a 12-day peak of 1.1333 in EUR-USD and a one-week low of 112.01 in USD-JPY before the buck managed a moderate rebound on the view that Friday's U.S. payrolls report carries upside rise given the sharp March rebound in producer sentiment and a tight claims path. Other pairings saw a similar price action. The Kiwi dollar rallied strongly, sparked by news that Air New Zealand is considering selling its $350 mln stake of Virgin Australia.
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