Daily digest market movers: Australian Dollar declines after breaking key support, employment figures ahead

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  • AUD/USD breaks below key support at 0.6700 on USD's recovery as traders doubt China's stimulus efforts.
  • China's latest press conference raises uncertainty over stimulus plan's scope and impact.
  • Markets only anticipate 50% chance of RBA rate cut by year-end, potentially aiding AUDUSD recovery.
  • On Thursday, investors will eye Employment Change and Participation rate figures from September from Australia, which are expected to show weakness in the labor market.


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