Australian Dollar (AUD) the AUD/USD broke briefly above 1.0500 overnight but we find ourselves back down at 1.0480 once again with the EUR/USD slumping. The slow grind higher will require EUR/USD support to get back above the 1.0500. Australian November Jobs data was solid with +13.9k and the Unemployment Rate dropped to 5.2% vs. 5.5% previously. Update October Trade Balance at -2088mn vs. -1456mn previously.
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