Australian markets face a cautious open, with the ASX set to slip and the local currency dipping below 70 US cents. Inflation remains stubbornly high, with fuel and housing costs p
Australian markets face a cautious open, with the ASX set to slip and the local currency dipping below 70 US cents. Inflation remains stubbornly high, with fuel and housing costs pushing the reading to 4%, keeping pressure on the central bank ahead of its early November meeting. Home prices have now fallen for a sixth straight month alongside tumbling sales, adding a housing soft spot to the inflation story.
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