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The euro and Swiss franc fell to 16-month lows against the dollar, while the benchmark 10-year Treasury yield settled above 5% after touching its highest since June 2007. The Australian dollar weakened after the Reserve Bank of Australia raised rates as expected.
By Chibuike OguhThe dollar rose to 16-month highs against the euro and Swiss franc on Tuesday as investors positioned for economic data that could offer clues on the Federal Reserve's interest rate-hiking cycle, and with Treasury yields hovering near multi-year highs.The Australian dollar weakened…