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Figures already released today showed Australia's employment rate holding steady at 5.0% as the number of people in work increased by 33k in October. All of them were full-time jobs. The data gave a boost to the Aussie, which is a cent higher on the day.

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News out this week shows Australia’s employment rate held steady at 5.0% as the number of people in work increased to 33,000 in October, higher than the expected number of 20,000. The data boosted the Aussie which went up a cent higher on the day. These positive employment figures are likely to keep Reserve Bank of Australia policymakers pretty pleased and could increase their bullish outlook in the near future.

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