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      Employment in Oz ticking higher – Danske Bank

      FXStreet (Edinburgh) - Kasper Kirkegaard, Chief Analyst at Danske Bank, assessed today’s labour market releases in Australia.

      Key Quotes

      “In Australia, the unemployment rate increased to 6.4% and while technical factors can explain part of the jump in today’s report, it does not change the fact that Australia is moving against the trend of healing labour markets seen in most other developed economies”.

      “As the mining boom has faded, the economy is struggling to rebalance. The AUD weakened about 0.6% on the report”.

      Gold holds gains above $1,300

      The yellow metal is taking a breather and is consolidating yesterday’s impressive gains above $1,300 an ounce Thursday.
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      EUR/JPY potential bounce beyond 138.00 – Commerzbank

      According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross would be poised for a revisit of levels above 138.00...
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