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Australian Jobs Report Fails to Inspire AUD/USD
The New York trading session saw major stock indexes climb to new record highs on Wednesday, bolstered by upbeat earnings. The Nasdaq Composite rose by an impressive 1.97%, followed by the S&P 500, Dow Jones Industrial Average, and Russell 2000, up 1.39%, 0.83%, and 0.44%, respectively. At the same time, the US Dollar traded mostly sideways along with the 10-year Treasury yield. Wall Street’s risk-on tone reflects an improved economic outlook among investors. US Covid cases have been trending lower, though the amount of new daily cases and the number of hospitalizations remains extremely high at 123,820 ... (full story)