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Australian dollar rose 0.6% in early Wednesday, lifted by higher than expected inflation (May 4.0% vs 3.6% in April and 3.8% f/c), which hit the highest in six months. Fresh rise in consumer prices adds to RBA’s hawkish stance, with jump in bets for August rate hike making the Aussie dollar more attractive. Near-term action […]

The post AUD/USD: Jumps on Higher Than Expected Australian Inflation appeared first on Action Forex.

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