AUD/USD Outlook: Aussie Stumbles on Downbeat Employment

my AUD/USD price analysis forecast

Data on Thursday revealed a bigger-than-expected jump in Australia’s employment. Australia’s unemployment rate jumped from 3.9% to 4.1%. Investors raised the likelihood of an RBA rate cut in December to 54%. The AUD/USD outlook has turned slightly bearish as the Australian dollar retreats from recent highs, prompted by an unexpected spike in Australia’s unemployment rates….

The post AUD/USD Outlook: Aussie Stumbles on Downbeat Employment appeared first on Forex Crunch.

Source: https://www.forexcrunch.com/blog/2024/05/16/aud-usd-outlook-aussie-stumbles-on-downbeat-employment/

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