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Growth currencies end winning streak, pound hit by inflation
Currencies linked to Chinese growth like the Australian and New Zealand dollars fell for the first time in over a week on Tuesday, after trade data from China reinforced fears that the world's second largest economy is losing momentum. In the European session, sterling stole the limelight, benefiting from a huge brewery deal. It hit its highest in nearly three weeks against the dollar in early trade after SABMiller (SAB.L) accepted a takeover proposal from Anheuser-Busch InBev (ABI.BR), in a deal worth 69 billion pounds. But it gave up those gains, trading 0.7 percent lower against the dollar GBP=D4 and hitting a ... (full story)