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Soft Inflation Data Sends Aussie Tumbling

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Overall Australian inflation data printed at 2.4% on a year over year basis well within the RBA's target band of 2-3%. The underlying inflation remains contained and in fact is below the RBA's own scenario of 2.50%-2.75% indicating that that central will most likely remain stationary for the rest of 2010.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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