Stocks down but dollar recovers: Afternoon market insights

The Australian sharemarket posted a slight loss today as it neared close.

At 2pm, the ASX200 was down -0.68% to 4512.1, erasing modest gains made yesterday. The All Ordinaries index also fell a similar -0.72% to 4535.2.

The Australian dollar lifted on the back of new CPI data released today, buying $1.03165.

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