Australian Jobless Rate Jumps to 6.4% Sending Currency Lower

Australia’s unemployment rate unexpectedly climbed in July to the highest since August 2002 as joblessness increased along the nation’s eastern seaboard, increasing the likelihood interest rates will remain at a record low for an extended period. The Australian dollar fell. The jobless rate rose …

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Australian Jobless Rate Jumps to 6.4% Sending Currency Lower