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AUD/USD, AUD/JPY Analysis: Jobs data keeps hawkish pressure on the RBA
Job growth beat expectations and unemployment back to 3.5% and below its 12-month average. So we’ll turn a blind eye to the lower participation rate, given it has pulled back from a record high. Ultimately, it’s another strong set of employment figures which keeps the pressure on a data-dependant RBA to potentially hike rates in August. And it could take quite a set of lowballed inflation figures next week for that pressure to be removed. Moreover, it’s the quarterly inflation report which carries more weight for the RBA’s decision. chart AUD pairs spike higher, ASX 200 pauses at resistance: The Australian ... (full story)