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Page 15 - அனைத்தும் நகர்ப்புற நுகர்வோர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australian dollar scorched by red hot US inflation

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Australian dollar was hammered but held above previous lows: Gold and oil were firm despite DXY: Not so the rest of the commodities complex: Junk fell but is not yet alarming: Yields jackknifed but not enough to break the flattenign trend: Stocks struggled: Event Wrap US CPI was stronger than expected, in both the headline and core measures. It rose 0.9% in June (vs 0.5% expected, 0.6% prior), for a 5.4% annual pace – the highest since 2008. The ex-food and energy measure rose 0.9% m/m, 4.5% y/y – the highest since 1991. Many components rose significantly (energy, transportation, vehicles, housing, services, apparel, and food and beverage notable), while medical care was the notable decliner.

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