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Huge blowout on Australian jobs report

A huge employment jobs report in Australia shocked the market, after Australia created 71.5k jobs in February vs market expectations for +9k. The unemployment rate came down to 5.4%, expectations were for 5.5%. The part time jobs created stood at 53.7k vs 22k last. The participation rate increased by +0.3% to 65.3%.

Australia: Part-time employment (Feb): 53.7 vs 20.2

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Forex: AUD/USD blows expectations above 1.0340

Following a somehow unbelievable Aussie jobs data, adding more than 70k to 11628300 employed Australian population, according to official figures, when around 10k was the expected figure, AUD/USD has exploited to the upside strongly printing fresh 3-week highs at 1.0369, from below 1.03 previous to the release.
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