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AUD/USD rises on Australian employment data - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group observe that the positive Australian jobs report pushed AUD/USD up temporarily.

Key Quotes

"This morning, the AUD-USD blipped higher temporarily on the back of the better than expected October labor market numbers but the pair has since reverted lower."

"With the commodity complex still in disarray and if the pair fails to reclaim the 0.8600 handle in the current environment, expect a further decay towards the pivotal 0.8500 neighborhood."

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