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AUDUSD: Intraday Analysis & Setup update

The Australian dollar weakened below $0.65 amid a rebound in the greenback as investors reassessed the outlook for US Federal Reserve monetary policy, although easing US inflation bolstered the view that the central bank is done raising interest rates.

Markets also reacted to data showing Australia’s unemployment rate edged up to 3.7% in October from 3.6% in September, while employment blew past forecasts with a rise of 55,000.

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