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US equity futures dropped after hotter-than-expected inflation data released on Tuesday bolstered the case for an interest rate hike by the Federal Reserve in December.
AUD/USD trades around 0.6905 on Tuesday, down 0.31% on the day at the time of writing, as the Australian Dollar (AUD) loses some ground against the US Dollar (USD) following Monday's strong rebound.
China's Alibaba Group said on Tuesday that its chip unit, T-Head, has confidentially filed a listing application with the Hong Kong Stock Exchange after receiving approval to proceed with a spin-off.
