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Australian Dollar edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

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Australian Dollar edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia (RBA) rate hikes.

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