Australia reported a gain of no less than 58.6K jobs in October, around 4 times the 14.8K expected. In addition, last month’s drop was squeezed from -5.1K to -0.8K. The unemployment rate fell from 6.2% to 5.9%, also better than predicted.
AUD/USD certainly had reasons to be cheerful, slamming through the battle line of 0.7065 and easily above 0.7110 to peak at 0.7154.
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