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Australia dollar steps back from highs after consumer price fall

From reuters.com

The Australian dollar eased from recent highs on Wednesday after second quarter consumer prices fell the most on record, cementing views interest rates will stay low for a long time. The Australian dollar was down 0.2% at $0.7155, easing from a 15-month peak of $0.7184 touched a week ago. Risk appetite was generally weaker on worries about rising coronavirus cases and deaths in the United States, dashing hopes for a quick global economic recovery. The U.S. Federal Reserve is expected to strike a dovish stance at its policy review later in the day and dollar bears bet it could even hint at further easing down the ... (full story)

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