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Near half century low for US jobless claims

The US dollar was helped overnight with surprisingly low jobless claims numbers in the US. NAB’s’S Gavin Friend says it points to a tightening labour market, which should, theoretically, keep the upward pressure on wages. Yet, we also saw production prices fall overnight. He also discusses, with Phil Dobbie, the Halloween Brextension, the US earnings season and what to keep an eye on today, including the RBA’s financial stability review.

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