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The CPI sank to 0.2% in March, presenting the first inflation
drop in seven years that caused the Australian Dollar to lose its value against
the US Dollar. The Australian Dollar was trading at $0.7765 before the
announcement, surging by 1.50% to $0.7630 after the news came out. The drop in the
CPI is an indicator for a potential interest rate cut to sustain the 2-3%
annual inflation target set by the RBA.