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The Market Wrap with Owen Clare, Senior Investment Advisor at Shaw and Partners

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The Australian sharemarket reset its record high for the second time this week after an unexpected tick up in the unemployment rate to 4.3 per cent bolstered bets for an interest rate cut from the Reserve Bank of Australia next month.

MARKET WRAP:

  • ASX200: Up 0.9% or 77 points to 8,639
  • GOLD: Down 0.5% to $3,330 USD per ounce
  • BITCOIN: One coin is buying $183,873 Australian dollars

CURRENCY UPDATE:

  • AUD/USD:  64.75 US Cents
  • AUD/GBP:  45 British Pence
  • AUD/EUR: 55 Euro Cents
  • AUD/JPY:  96 Japanese Yen
  • AUD/NZD: $1.09 New Zealand Dollar
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