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On the currency front, the U.S. dollar weakened following the inflation data, which is a typical response when inflation concerns soften. The Australian dollar gained ground, appreciating to approximately 65.3 U.S. cents, reflecting a positive reaction to the overall market stabilizing sentiment.
Conclusion
In summary, the market's behavior this morning underscores the delicate balancing act investors face amid evolving inflation data and corporate earnings reports. While the in-line CPI figures alleviated some immediate fears of runaway inflation, underlying inflationary pressures continue to pose challenges.