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  • AUD/USD weekly outlook: Down, but not out

    From forex.com

    There is a tonne of China data to chew through this coming week. It’s just a shame not of it will account for much, given none of it doesn’t capture output from the recently announced stimulus. Besides, we’ve already seen outlandish moves from China’s stock markets (40% rally on China A50 in nine days, as one example) so the plethora of backwards-looking data is not likely to make much of an impact on sentiment, or AUD/USD for that matter. Still, the data such as GDP warrants a look for a basic grasp of global growth, and CPI for global inflationary pressures. New Zealand’s quarterly inflation report is ... (full story)

Key statistics
In trend terms, in September 2024:

unemployment rate remained at 4.1%.
participation rate increased to 67.2%.
employment increased to 14,514,300.
employment to population ratio remained at 64.4%.
underemployment rate remained at 6.4%.
monthly hours worked increased to 1,965 million.
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