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AUD/USD. Two Advantages for the Aussie: Labor Market and China
The "Australian Non-Farms" were favorable for
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The "Australian Non-Farms" were favorable for the Aussie. The Australian labor market data released on Thursday bolstered traders' hawkish expectations for the Reserve Bank of Australia's future actions. As a result of this fundamental factor, buyers of the AUD/USD pair set a multi-year price high, testing the 72-level for the first time since June 2022. Additional support for the Aussie came from data on China's economic growth. Let's start with the Australian indicators. According to data released on
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Irina Manzenko,
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