The increase was led by a 3.2% jump in private-sector vacancies, suggesting the labour market remains robust Job ads are now just 0.4% below year-ago levels and remain 16.1% above pre-pandemic norms.
ANZ:
labour market's continued tightness supports the view that the RBA's rate-cutting cycle will be shallowfurther 25 basis point cuts expected in July and AugustEarlier:
Reserve Bank of Australia expected to cut its cash rate on Tuesday - why they might notReuters poll: 31 of 37 economists expect cut to RBA cash rate by 25bpThe statement from the Reserve Bank of Australia is due on July 8 at 2.30pm Sydney time:
0430 GMT 1230 US Eastern timeReserve Bank of Australia Governor Bullock will hold her press confernce an hour later.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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