6AMAIN Australian Dollar Futures(DEC4)
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Australian Dollar Futures(DEC4) News
Is a Pre-Christmas RBA Interest Rate Cut Now off the Table?
Australian Dollar Appreciates Due to Fading Likelihood of RBA Rate Cuts, Awaits China GDP
Australia's Q3 Headline Inflation Expected to Slow to 0.3%, Says ANZ Research
AUD: Outlier for the Time Being – Rabobank
Australian Labour Market Also Surprises Positively – Commerzbank
Australia's Strong Employment Growth Weakens Case for Urgent Near-Term Rate Cuts, Says ANZ Research
Australia's Unemployment Rate Steadies At 4.4% In Sept
Case For Australia Rate Hike Still Has Merit -- Market Talk
IG: The hope of australia's central bank cutting interest rates this year has been dashed
On October 17th, IG Markets analyst Tony Sycamore stated that Australia's strong employment market momentum continued into September, continuing to exceed the cooling expectations. He added that in the past 8 months, employment growth has exceeded expectations for 7 months. He said that if employment data continues to maintain the current trend, the unemployment rate seems more likely to fall to 4% in May. This data shattered the hopes of the Australian Federal Reserve to cut interest rates before the end of the year.
Hopes of RBA Rate Cut This Year in Tatters -- Market Talk
RBA Will Now Be Looking Into 2025 to Cut Rates -- Market Talk
Why Did the ASX 200 Nosedive on the Latest Aussie Unemployment Figures?
In australia, the unemployment rate in September remained at 4.1% with traders cutting rate expectations.
Australia Bureau of Statistics (ABS) announced that Australia's unemployment rate in September remained at 4.1%, with the final August unemployment rate revised down to 4.1%. In September, employment increased by 64,100 people, mainly driven by full-time positions, far exceeding the forecasted 25,000 people, with the employment-to-population ratio rising to a record 64.4%. After the data was released, the Australian dollar rose by 0.5% to 0.6698 against the US dollar. Traders had initially expected the Reserve Bank of Australia to cut interest rates by a quarter point in February next year, but the chances of a rate cut have now been reduced to 70%. The Statistics Bureau stated that the employment-to-population ratio and labor force participation rate show that there are still a large number of people entering the workforce.
Australian Jobs Data Unlikely To Fuel Rate Cut Chatter -- Market Talk
Australian Unemployment Rate Expected to Stabilize for Third Consecutive Month in September
RBA's Hunter: Inflation Expectations Remain Anchored
Australia Shares Rise 0.8% to Fresh Record -- Market Talk
New Zealand Shares Rise Amid Wall Street's Earnings Optimism; Vista Group Gains 3%
Australian Household Spending Falls in September Despite Tax Cuts
Australian Consumer-Spending Slump Keeps Door Open to Year-End Rate Cut