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Australia business activity rises in October

By Sam Diakou  || November 10, 2009 at 00:48 GMT
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A private gauge of Australian business activity rose in October, as profits and employment all picked up. A measure of business confidence rose 2 points to an index reading of +16. Business conditions rose 9 points to +12 points. Both are the highest reading since February 2008.

Also the index of employment rose 8 points to +7.

AUDUSD spikes a mere 10 pips but runs into offers ahead of 9325.

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