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ABC News
ABC News
Business
business reporters David Chau, Gareth Hutchens and wires

ASX slips as Australia's economy grows at a slower-than-expected pace

Dow Jones United States GDP ABS Interest Rates Wall Street

It has been a temperamental day for the Australian share market, which followed a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected.

Meanwhile, the Australian dollar briefly fell to a two-month low of 66.96 US cents after the Bureau of Statistics released figures showing that the nation's economic growth slowed down considerably, but cost of living pressures are starting to ease.

See how the trading day unfolded on our live blog.

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