Daily Report: Aussie Rebounds as Rate Cut Expectations Recede on Strong Job Data

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Australian dollar rebound strongly on much better than expected job data. The employment market grew 37.7k in March, more than double of expectation of 15.0k. Prior month's figure was also revised up to 42.0k, nearly triple of original estimate of 15.6k. Unemployment rate dropped to 6.1% versus expectation of 6.3%.



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