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Soft headline employment change data in...>

AUSTRALIA
AUSTRALIA: Soft headline employment change data in May's labour market report is
weighing on the AUD and underpinning domestic Bonds. The headline reading came
in shy of expectations, driving by a fall in the number of those employed on a
full time basis. Elsewhere the participation rate eased marginally, which
actually resulted in a marginal dip in the unemployment rate. AUDUSD is yet to
test Wednesday's hourly support level at 0.7548.
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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