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Australian dollar drops to lowest since March after jobs data


[SYDNEY] The Australian dollar fell to a two-and-a-half month low on Thursday after mixed jobs data reinforced market expectations of a cut in interest rates, albeit not for some time.

The Aussie fell as low as US$0.7209, from US$0.7232 early, before bouncing back to where it started the session near $0.7230. A sustained break under $0.7212 would target a major retracement level of US$0.7063.