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The Australian Dollar fell against the US Dollar after a downbeat jobs report that saw 40.9k jobs lost for July. The unemployment rate fell to 3.4% from June’s 3.5%. However, that was likely due to a fall in the participation rate, which dropped to 66.4% from 66.8% in June.

AUD/USD 1-Minute Chart

audusd jobs

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— Written by Thomas Westwater, Analyst for DailyFX.com To contact Thomas, use the comments section below or @FxWestwater on Twitter

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