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December 12, 2024

AUD NZD Hits Two Week High Following Strong Australian Job Data

The AUD NZD cross continues to build momentum, marking a significant rebound from the low of 1.0930 seen earlier this month. This upward movement follows the release of positive Australian employment data, driving spot prices up to over 1.1060, the highest in two weeks. The encouraging job report has garnered positive interest, pushing the pair higher for the fourth straight day. Traders should consider these developments as they reflect the economy’s performance and could influence upcoming trading strategies.

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