Traders Cut Bets on RBA Rate Rises After Shock Jobs Data

Traders cut bets on RBA rate rises after shock jobs data

While a loosening labour market offers relief, sticky oil prices mean the central bank may focus on solving Australia’s inflation problem, say investors.

Australian shares jump as weak jobs data tempers RBA rate-hike bets

AUSTRALIAN equities closed higher on Thursday after weak employment data prompted investors to trim bets on a near-term rate hike, while optimism over a potential US-Iran peace deal added support. Read more at The Business Times.

Will the RBA still hike rates after this shock jobs report?

The S&P/ASX 200 Index (ASX: XJO) is pushing higher on Thursday after a surprise jobs report changed the interest rate debate. At the time of writing, the ASX 200 is up 1.66% to 8,637.8 points. The move comes after Australia's labour market showed more weakness than economists had expected. Instead of adding jobs in April, the country recorded a fall in employment. The unemployment rate also jumped to its highest level since late 2021. So, does t…

Aussie Rebound Runs Into Domestic Reality as Weak Jobs Lock In RBA June Hold - ActionForex

The Aussie tried to rally on improving global sentiment. Australia’s economy had other ideas. AUD/USD bounced earlier today as markets reacted positively to signs that Washington and Tehran may be moving closer toward a diplomatic breakthrough. President Donald Trump’s claim that the US was in the “final stages” of negotiations with Iran helped cool fears […] The post Aussie Rebound Runs Into Domestic Reality as Weak Jobs Lock In RBA June Hold a…