India, Aug. 13 -- The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Thursday, as traders remain cautious amid the resurgence of Middle East tensions and the resulting recent spike in crude oil prices, fueling inflation concerns. Fairly tame US consumer price data eased concerns about the outlook for interest rates as inflation rose in line with estimates.
Intermediaries are sparing no efforts to revive the stalled U.S.-Iran peace talks. Pakistan announced initiating efforts to bring the U.S. and Iran back to the negotiating table.
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