By Krishna K — Aug 14 - 10:05 PM
AUD/USD +0.1%, pares losses as Aus July employment rises 58k vs.20k expected
But unemployment rate +4.2% vs 4.1% expected, may temper AUD gains
Participation rate hits record peaks in a sign labour demand remains solid
Data in line with RBA's assessment, will strengthen its hawkish resolve
RBA rate expectations diverges most other major c.banks, will support Aus
Support 0.6570-75, 0.6550-55, resistance 0.6620, 0.6640-45
Asia range 0.6570-0.6612
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Source:
Refinitiv IFR Research/Market Commentary