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AAP
AAP
Business
Adrian Black

FORGOTTEN HISTORY: Australian shares edge lower after us credit downgrade | History Defined

Australian shares fell after a US credit rating downgrade due to deficits, debt and interest costs. (Dean Lewins/AAP PHOTOS)

Australian shares have snapped an eight-session winning streak in the lead up to the Reserve Bank decision on interest rates.

The S&P/ASX200 fell 48.6 points, or 0.58 per cent, to 8,295.1, as the broader All Ordinaries lost 55.1 points, or 0.64 per cent, to 8,524.8.

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