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technical analysis

The latest monthly jobs report from Australia saw the unemployment rate rising unexpectedly to 5.2%. Economists had forecast that the unemployment rate would fall to 5.0%. Revisions to March’s report saw the unemployment rate being revised from 5.0% to 5.1%.

The monthly employment change rose 28.4k beating estimates with March’s figures are revised to show 27.7k jobs being added. The Australian dollar is down 0.21% at the time of writing, extending the declines after losing 0.23% by Wednesday’s close.

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Euro Stays Muted on GDP and Unemployment Data

The common currency was down 0.3% on the day on Wednesday. The revised GDP estimates for the first quarter came out at 0.4%. This was an unchanged print from the preliminary release. The quarterly employment change showed a 0.3% increase, beating estimates of 0.2%. Various regional indicators showed that growth was relatively stable. German GDP rose 0.4% while Fre...


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