Australia Quarterly RBA Trimmed Mean CPI (QoQ) came in at 0.8% below forecasts (0.9%) in 2Q

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Australian Dollar slips as softer inflation cools domestic rate expectations

AUD/USD depreciates for the second successive day, trading around 0.6970 during the Asian hours on Wednesday. The pair falls as the Australian Dollar (AUD) continues to struggle following the release of domestic Consumer Price Index (CPI) data.
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