The Australian share market has fallen after US inflation topped forecasts for a third straight month, pushing back expectations for when the Federal Reserve might cut interest rates.
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The benchmark S&P/ASX200 index on Thursday finished 34.9 points lower at 7,813.6, a drop of 0.44 per cent, while the broader All Ordinaries fell 35.6 points, or 0.44 per cent, at 8,074.1.
The Australian dollar dropped to a 10-day low against its jubilant US counterpart, buying 65.24 US cents, from 66.23 US cents at Wednesday's ASX close.