Australia’s monthly CPI inflation steadies at 2.4% YoY in April vs. 2.3% expected

Australia’s monthly Consumer Price Index (CPI) steadied at 2.4% in the year to April, compared to a 2.4% rise seen in March, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
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AUD/NZD slides back closer to 1.0800 after RBNZ’s widely expected 25 bps rate cut

The AUD/NZD cross attracts some dip-buying near the 1.0815 area during the Asian session on Wednesday, though it lacks follow-through.
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