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Australian shares set to edge higher as oil retreats

Original: Australian shares to edge higher as oil prices retreat, RBA in focus

Australian shares are expected to open slightly higher as oil prices pull back, easing inflationary pressure, while investor attention turns to the Reserve Bank of Australia and its next move on interest rates. Markets are watching whether the central bank signals a pause or further tightening, with energy price movements adding to the uncertainty around the inflation outlook.

Why now: Investors are focused on the RBA's next interest rate decision and easing oil prices, both of which influence market direction.

Reserve Bank of AustraliaAustralian Securities Exchangeoil market

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Evidence

• Australian shares to edge higher as oil prices retreat, RBA in focus · Capital Brief

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