The information is right here from earlier:
- Australian October unemployment price 4.1% (vs. 4.1% anticipated)
- AUD/USD little modified after the October employment report confirmed a gentle jobless price
- (ps. AUD/USD has slid somewhat since this submit, broadly stronger USD the offender)
Westpac with the recap, briefly:
Australian labour market stays in
comparatively strong well being
- employment progress slowing broadly in step with inhabitants progress
- common hours holding regular
- few indicators that labour demand is
capitulating to an extent that warrants concern - labour market
circumstances stay considerably tight … this isn’t translating to stronger wage inflation pressures -
On steadiness, at this time’s replace will see the RBA proceed to stay targeted
on the dynamics round underlying inflation.
***
Talking of the RBA, we heard from Bullock earlier, not dovish:
- RBA Bullock says charges are restrictive sufficient, staying there till assured on inflation
***
AUD/USD replace:
This text was written by Eamonn Sheridan at www.forexlive.com.
