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New Zealand dollar steady as inflation miss leaves hawks unruffled
SYDNEY: The New Zealand dollar held its ground on Thursday as inflation data came in a shade under forecasts, but not enough to shake expectations for a rate hike next week, while the Australian dollar hovered near three-week highs. The figures showed consumer prices rose 0.7% in the third quarter, nudging the annual pace down to 3.7% from 4.1%. However, much of the slowdown reflected a fall in fuel prices that have since rebounded sharply, leaving inflation expected to top 4% again this quarter. Measures of core inflation were also on the high side, leading investors to price in a 100% chance...
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