Read full post at forexlive.com
Expectations for the October Australian jobs report due today are for a lower unemployment rate than in the previous month and also for jobs to gain more strongly than they did in September. If that’s what we get its another reason to add to the pile the Reserve Bank of Australia is amassing to not cut the cash rate any further any time soon. Should be AUD supportive, at the margin.
This article was written by Eamonn Sheridan at investinglive.com.
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