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Australian Prime Minister Julia Gillard has lost a Labor Party leadership election to Kevin...

Australian Prime Minister Julia Gillard has lost a Labor Party leadership election to Kevin Rudd, who Gillard ousted three years ago in similar circumstances. Labor is heavily behind in the polls to the opposition Liberals ahead of a national election that has been scheduled for September. The Australian dollar (FXA) jumps and is +0.55% vs the USD at $0.9306.
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