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AUD/USD retreats from over one-month tops post-Australian jobs data/Chinese CPI
The AUD/USD pair surrendered modest Asian session gains to over one-month tops and was last seen trading in the neutral territory, around the 0.7375 region. The pair built on the previous day's post-US CPI positive move and gained some follow-through traction during the early part of the trading action on Thursday. The momentum pushed the AUD/USD pair to the highest level since September 10, albeit lacked any follow-through and faltered just ahead of the 0.7400 mark. The Australian dollar was undermined by mixed domestic employment details, showing that the number of employed people decreased by 138K in September. ... (full story)
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