Business
Australian dollar rockets on renewed US virus shock – MacroBusiness
The Australian dollar made up for lost time versus broader risk Friday night:
The trigger was bad news being good news in US jobs following the virus third wave:
The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in…
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