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Australia: Employment expected to have increased solidly - ANZ

FXStreet (Bali) - Employment is expected to have increased solidly in March, notes the Economics Team at ANZ.

Key Quotes

"Employment is expected to have increased solidly in March (ANZ: +18k; mkt: +15k) following 15.6K net new jobs in February. Solid growth in job ads in recent months is one supporting factor."

"We continue to believe that New South Wales is due for an uptick in employment after a period of weakness which is at odds with other economic indicators coming out of the state (or at least Sydney)."

"The participation rate is expected to have remained unchanged at 64.6% – it has remained within a very tight range over the past 12 months."

"Overall, this yields a forecast stable unemployment rate of 6.3% (mkt: 6.3%). Stepping back, we continue to expect the unemployment rate to trend slowly higher amid ongoing belowaverage growth in the economy."

Short NZD/USD ahead of Monday's CPI - BNZ

BNZ FX Strategists have implement a short NZD/USD recommendation ahead of next Monday’s Q1 CPI print.
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AUD/USD: 4 hour chart losing up wards strength - FXStreet

Valeria Bednarik, chief analyst at FXStreet note that AUD/USD surged up to the 0.7700 level
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