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In economic news, the jobless rate in Singapore remained constant during the first quarter at 1.9%, matching that of the prior period. Elsewhere, New Zealand’s GDP rose 0.7% on quarter in the first quarter following a gain of 0.9% in the prior quarter. Finally, the unemployment rate in Australia came in at a seasonally adjusted 5.7% in May, matching expectations and remaining unchanged from the prior month’s reading.
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