Western Australia will likely be a key focus of concern for Aussie dollar traders sifting through the nation’s monthly jobs data Thursday. Any signs that unemployment is rising again in the commodity-dependent state may cause another leg down in the Australian dollar after a rally that saw it gain as much as 8 percent from its December low to a high in February. The jobless rate has been increasing in the nation’s largest state by area -- also the source of most of Australia’s iron-ore exports -- as the end of the resources boom spurred local staffing cuts at BHP Billiton Ltd. and Rio Tinto Group, the world’s largest miners.
Bloomberg
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