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Recovers After Strong Jobs Data

AUD

After taking another dip lower after a dovish speech from RBA Governor Lowe AUD/USD has now made a move higher after labour market data beat estimates. The economy added 115.2k jobs in May, above expectations of 30k, the participation rate ticked up and the unemployment rate dropped 0.4ppts to 5.1% indicating strong breadth of recovery. AUD/USD last up 22 pips at 0.7632.

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