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Australia’s monthly CPI has increased to 4% from 3.7% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond over JGB. AUD/JPY is likely on a path of bullish acceleration […]

The post AUD/JPY: Aussie Outperformance With Hotter AU CPI appeared first on Action Forex.

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AUD/NZD: Aussie Surges Almost 1% vs Kiwi Dollar After Release of Australia’s Inflation Report

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