The latest employment report just published in Australia:
Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)continued to show a resilient and tight labour market.
Interest rate trading is now pricing around a 75% chance of a rate cut at the Reserve Bank of Australia meeting on February 18. All eyes will be on the Q4 inflation data due for release on January 29.
You may be asking why the RBA would cut with such a tight jobs market. I know I am. The why is the Bank is under pressure to cut. Not least from the government ahead of a likely May election. Yes the RBA is independent ... but not THAT independent.
AUD/USD popped to 0.6248.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about pricing for february reserve bank of australia rate cut jumps after the strong jobs report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Pricing for February Reserve Bank of Australia rate cut jumps after the strong jobs report )
Also on site :
- 15 Shows Like 'Widow's Bay' You Should Watch Next
- AI evaluation startup Braintrust confirms breach, tells every customer to rotate sensitive keys
- How the Fight Over Israel Is Playing Out Inside MAGA