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Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut. AUDUSD pair advanced 1.35% after release of data and cracked 0.6700 barrier, nearing full retracement of 0.6714/0.6575 pullback […]

The post AUD/USD: Australian Dollar Rallies 1.35% as US Inflation Eases Below Expectations appeared first on Action Forex.

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