AUD/USD: Aussie Dollar Falls Further on Australian May CPI Well Below Expectations

<p>Australian dollar accelerated lower and hit three-week low in early Wednesday’s trading, signaling continuation of larger downtrend which paused in past two days. Strong decrease in Australian inflation (May 5.6% vs 6.1% f/c; Apr 6.8%) reduces possibilities for another rate hike in the policy meeting next week, making the Aussie dollar less attractive for investors. […]</p>
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