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AAP
AAP
Business
Jacob Shteyman

RARE PHOTOS: Australian shares lower despite inflation drop | Vintage Vibes

The ASX closed lower as money markets slashed the odds of a pre-Christmas interest rate cut. (Joel Carrett/AAP PHOTOS)

The Australian share market has snapped a three-day winning streak as analysts pushed back expectations for a Reserve Bank rate cut.

The benchmark S&P/ASX200 index finished Wednesday 68.8 points, or 0.83 per cent, lower, at 8,180.4, while the broader All Ordinaries fell 66.4 points, or 0.78 per cent, to 8,439.5.

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