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RBA Rate Cut Odds Rise, Australian Dollar Under Growing Pressure
Australia's unemployment rate rose to 4.5%
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Australia's unemployment rate rose to 4.5% in September, marking a four-year high. While 15,000 new jobs were created, 34,000 jobs were lost during the same period.The Australian dollar and government bond yields both declined as markets began pricing in a higher probability of another interest rate cut from the Reserve Bank of Australia (RBA). The RBA held its key rate steady at 3.6% in October and did not indicate a potential cut at the next meeting. However, the latest labor
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Kuvat Raharjo,
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