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Australian dollar hits 9-week low, rounds out a rough month
SYDNEY: The Australian dollar slipped to a nine-week low on Wednesday as inflation data came in just under forecasts and led markets to lengthen the odds on another rate hike, at least in the near term. The miss was marginal but gave speculators an excuse to keep selling the currency after three straight weeks of falls. The Aussie eased 0.3% to $0.6963, bringing its losses this month to 2.8%. The next support levels are $0.6922 and $0.6866. Data showed the consumer price index rose 0.4% in August, under forecasts of 0.5% as drops in clothing and travel helped offset surging fuel costs. The ann...
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