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ANZ Job Advertisements rose 1%

Monday, Sep 07 2015
The number of job advertisements on the internet and in newspapers rose 1.0% in August, bouncing back from the 0.5% fall in July. Job ads in the 12 months to August were up 8.7%, seasonally adjusted, figures from ANZ show, but the rate of growth has been slowing since late last year.
 
ANZ chief economist Warren Hogan said employment growth is unlikely to pick up in the coming months because of job losses in mining and manufacturing and a weak investment outlook. "This is consistent with our expectations for employment growth to moderate in the second half of the year, after a strong first half," he said.
 
Aussie is currently being traded few points above 0.6920 level. Pair is likely to find support around 0.6850 level and resistance above 0.6960 area. There will be no major data releases in the rest of the session.
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