
Australian Jobs Report Hammers Another Nail into the Coffin for RBA Hikes
Australian jobs fell by 39.3k as unemployment held at 4.7%, sending the Aussie lower and prompting traders to scale back expectations for further RBA hikes.
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Australian jobs fell by 39.3k as unemployment held at 4.7%, sending the Aussie lower and prompting traders to scale back expectations for further RBA hikes.

From the US tariff policy to central bank meetings to the US government shutdown, seemingly major traditional economic developments were less impactful than in previous years - what does it mean moving forward?
NZD/USD is falling in the wake of a soft New Zealand employment report, reinforcing the view that when the RBNZ next moves interest rates, it’s far more likely to be a cut than hike.
Watching US 10-Year Yields and USD/JPY could give a clue as to the next direction for mortgage rates.
If the data continues to be worse than expected, will the US Dollar continue to be uninfluenced by it?
US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy.
Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.
Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.
Business sentiment is not as pessimistic as it recently was, and RBNZ governor Orr described the central bank’s tightening cycle as ‘very mature’.
The FOMC meets on Wednesday and is likely to lift the Fed Funds rate by 75bps from 2.5% to 3.25%.
With mixed data from US Retail Sales, the Philly Fed Manufacturing Index, and the NY State Empire Manufacturing Index, the US Dollar has been quiet.
We’ve seen cracks appearing in the US economy in recent months. So now they’re making their way over to employment reports it puts NFP on high alert for weakness.
Fed Chairman Powell said he does not see a spillover from the high inflation into the broader economy. Therefore, the Fed excepts to continue hiking rates.
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