India, Aug. 27 -- The Australian dollar strengthened against other major currencies in the European session on Thursday, as markets increased hawkish Reserve Bank of Australia (RBA) wagers, following the release of the hotter-than-expected Australian Consumer Price Index (CPI) report for July.
"Australian headline inflation eased from 3.8% YoY in June to 3.5% YoY in July, while trimmed mean inflation held steady at 3.6% YoY," according to the most recent Australian inflation statistics, which was stronger than expected."
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