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A$ shines on inflation data; US$ retreats from highs

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The Australian dollar was an outperformer on Wednesday, bucking a broad risk-averse environment in global markets, helped by a higher-than-expected inflation reading that dented chances of an interest rate cut in the near term.

London

THE Australian dollar was an outperformer on Wednesday, bucking a broad risk-averse environment in global markets, helped by a higher-than-expected inflation reading that dented chances of an interest rate cut in the near term.

Consumer prices rebounded by more than forecast

sentifi.com

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