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US CPI flat in July

The US consumer-price index was unchanged on a seasonally adjusted basis in July from the prior month, the Labor Department said Tuesday. The flat reading matched expectations and comes after a 0.2% rise in June.

Excluding volatile categories such as food and energy, consumer prices rose 0.1% in July, slightly below the 0.2% expected. From a year earlier, prices climbed 0.8% and core prices increased 2.2%.     

The Fed can still hike in September – FOMC’s Dudley

William Dudley, President of the Federal Reserve Bank of New York, has not ruled out a Fed rate hike at next month’s meeting, deeming it as ‘possible’
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AUD/USD trims gains after US CPI, still holding above 0.7700 mark

The AUD/USD pair lost its upside momentum, trimming some of its strong gains to 0.7750 region and dropped back to 0.7710 handle following the release
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