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Aussie traded sharply higher in the wake.....>

AUSSIE
AUSSIE: Aussie traded sharply higher in the wake of the latest AU labour market
report, with a much stronger than expected headline reading of +32.8K jobs
added, with marginally +ve revisions, meaning that the unemployment rate held
steady at 5.0% vs. exp. for an uptick to 5.1%. Furthermore, the additions were
solely driven by full time jobs growth.
- Wage growth remains the missing part of the puzzle for the RBA, with firms
seemingly more interested in adding remuneration via bonuses, instead of
committing to larger wage increases, at least for the time being.
- RBA Deputy Governor Debelle offered little fresh insight into MonPol. 
- AUD/USD last $0.7276, after touching a high of $0.7282 overnight. Bulls
continue to look for a move above $0.7300, while bears need a move back below
the 50-DMA at $0.7161.
- Focus turns to the minutes from the RBA's most recent MonPol decision, due
Tuesday, although not much is exp. in the way of fresh information given that
the meeting included the quarterly SoMP
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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