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Aussie bounces on better than expected inflation data; Fed in focus - Windsor Blog
The Australian dollar bounced from new six-week low (0.6862) on Wednesday, boosted by better than expected inflation data. Australia’s annualized CPI rose 1.6% in Q2 from 1.3% in Q1 and beating forecast at 1.5%, while monthly rise was 0.6% from 0.0% and 0.5% forecast. Higher oil prices and weaker Aussie contributed to higher inflation. Profit-taking …