Australian Core Inflation Slows, Sending Currency Down Half Cent

Updated on
  • Traders pricing in more than 60% chance of rate cut next week
  • Data ``open the door wider to an easing before year end'': Ong

Australian core consumer prices rose less than economists forecast last quarter, giving the central bank scope to resume interest-rate reductions if needed and sending the currency down half a U.S. cent.

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