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Share: Australian Dollar hovers above a major level ahead of US PPI, Fed policy decision. Australia’s Treasurer Jim Chalmers presented a budget forecast of AUD 1.1 billion in the MYEFO, down from the AUD 13.9 billion previous forecast. US CPI and Core CPI came in at 3.1% and 4.0% YoY, respectively,

GBP/USD holds lower grounds after failing to impress Cable buyers with upbeat UK growth, manufacturing/industrial output.Fears of heating inflation in UK employment market also defend Pound Sterling sellers.British economic concerns contrast with firmer US bond yields to weigh on prices.UK employmen