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ASX Dips, AUD Slips as Inflation Worries Linger
Description
Australian shares anticipate a minor dip today, with futures indicating a 0.1% decrease for the ASX 200, following a volatile night on Wall Street. US inflation surged, causing the Nasdaq to drop 0.7%, while the S&P 500 eased 0.15% and the Dow gained 0.1%. The Aussie dollar dipped 0.1% to 72.38 US cents. In Asia, the Nikkei rose 0.5%, Hang Seng held steady, and Shanghai fell 0.3%. Oil prices surged, while Bitcoin fell 1.3%. Well monitor how these developments impact global markets as trading progresses.
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