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Economic calendar in Asia-Pacific trade: The spotlight turns to Australian jobs
Key Takeaways (30s Read)
Market focuses on Australian employment data. An uptick in unemployment could negatively impact the AUD.
The Asia-Pacific trading session highlights the Australian employment report. The Australian Bureau of Statistics will release November's employment data at 00:30 GMT, with expectations for an increase of 20,000 jobs, down from the previous 42,200. The unemployment rate is forecast to rise slightly to 4.4%. This data is critical as it may influence the Reserve Bank of Australia's monetary policy. A rise above 4.4% could derail upcoming rate hike expectations and lead to a decline in the Australian Dollar, while robust full-time job numbers could keep the AUD strong.
AI Analyst
AI Opinion
"The upcoming Australian employment data is poised to have a significant impact on the markets. Particularly, if the unemployment rate exceeds expectations, the AUD could sharply decline. Conversely, strong full-time employment figures may bolster the Australian Dollar. Additionally, how this data influences RBA rate hike expectations will be a key focus. Investors should remain vigilant regarding market reactions depending on the outcomes."
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