Mid-Session 17 Oct 19: ASX 200 retreats after better than expect jobs report

The share market is looking to snap a five day winning streak on Thursday with the ASX 200 lower at lunch. The benchmark index is down  0.3% near the lowest of the session

The market hit session lows shortly after the release of the September jobs data. The unemployment rate fell from 5.3% to 5.2% with roughly 14,700 jobs added over the month. The fall in the unemployment rate gave the Aussie dollar an immediate boost from 67.55 US cents to a high of 67.84 US as it reduces expectations of a November rate cut from the RBA.

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