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Upbeat Australia Employment Report to Fuel Shift in AUD/USD Behavior
A 15.0K expansion in Australia Employment may generate fresh 2017-highs in AUD/USD as it puts pressure on the Reserve Bank of Australia (RBA) to lift the official cash rate off of the record-low. Why Is This Event Important: A further improvement in the labor market conditions may encourage RBA officials to alter the course for monetary policy as the central bank now forecasts ‘a neutral nominal cash rate of around 3½ per cent, given that medium-term inflation expectations were well anchored around 2½ per cent.’ In turn, Governor Philip Lowe and Co. may start to prepare Australian households and businesses for ... (full story)
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IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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