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Aussie shifts focus to Australian Jobs data
The minutes from the latest monetary policy meeting by the Reserve Bank of Australia underlined the importance of the labor market in setting interest rates on Tuesday, making the Australian employment report due on Thursday at 0130 GMT the next major event for the aussie. After an upsetting 4.3k increase in February, the economy is expected to have created 12k new job positions in March. While, at a first glance, this could be considered as progress, the addition is still among the lowest levels reported over the past two years. The participation rate is not anticipated to excite either as the measure is seen steady ... (full story)