News: Australian dollar drops after unexpected employment drop

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    SYDNEY, Feb 18 (Reuters) - The Australian dollar dipped on Thursday after data showed employment unexpectedly fell in January, bucking expectations for a solid gain.

    The Aussie fell to $0.7144, from $0.7165 before the data. It touched a one-week peak of $0.7187 on Wednesday.

    Debt futures, however, were unchanged, still giving around a 50-50 chance of an interest rate cut by mid-year.

 
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