Australian Economy

The final jobs report for the month of December 2015 will be released by the Australian Bureau of Statistics early tomorrow at 00:30 hours GMT. Expectations are dovish heading into the release, with analysts expecting to see net job growth…
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During Monday the Chicago Business Barometer went down 7.5 points, hitting a low of 48.7. The massive fall was caused by the decline is new orders, which reached their lowest point since March. The Barometer’s reading for October was at…
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The Australian economy added over 17k new jobs in the month of August beating the median consensus forecasts of 5.2k. Jobs growth came from a rise in full time employment which gained 11,500 while the part time jobs increased by 5900. The…
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The Reserve Bank of Australia released its monetary policy statement earlier today and decided to leave interest rates unchanged at 2%. The RBA noted that it expects the US Federal Reserve to hike rates this year while noting that on the…
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Australia's unemployment rate stood at 6% in June, while May's unemployment rate was revised to 5.9% from previous estimates of 6%. The Australian jobs report for the month of June was overall positive as employment grew by 7300 jobs.…
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The RBA's monetary policy is likely to bring a lot of volatility to the AUD crosses across the board, as the markets are yet again finely divided between a rate cut and the RBA standing pat on policy.
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