A sharp slowdown in hiring by American employers last month probably snuffed out any chance of a US interest rate rise in June, catapulting the Australian dollar nearly 2 per cent to above US73¢ on the weekend.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
