- Australian Dollar breaks to new lows after the release of strong US labor data for July.
- ADP Employment Change rises by 324K, easily beating the 189K estimate.
- The data follows a run of weakness for the Aussie after a sour market mood turned investors risk averse.
The Australian Dollar (AUD) reaches new two-month lows against the US Dollar (USD) on Wednesday, after the release of US private payrolls data shows a larger-than-expected expansion of the workforce in July.
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