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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
AudUSD

Australian Dollar Approaches 3- Month Low

The Australian dollar fell further below $0.690, approaching a three-month low as broad US dollar strength outweighed a rebound in domestic employment data. Australia’s economy added 40,300 jobs in May, rebounding from a revised decline of 40,600 in April and exceeding market forecasts for a 30,000 increase, while the unemployment rate edged down to 4.4% from 4.5%, as expected. The latest labor market report comes on top of Wednesday’s mixed consumer inflation figures, which have left markets divided on another interest rate hike, priced in at 50% likely by year’s end rather than at the August meeting. RBA Deputy Governor Andrew Hauser said on Wednesday that the central bank still has more work to do to bring inflation back to its 2-3% target, indicating that further policy tightening may be needed as underlying price pressures remain elevated. Meanwhile, the US dollar remained broadly stronger as investors continued to price in Federal Reserve interest rate hikes later this year.

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