-
Trading the Australian Employment Data Release
Recent Australian economic developments to take in consideration At its last meeting, the Reserve Bank of Australia kept interest rates unchanged at 4.75%. RBA governor Glenn Stevens hinted at possible rate cuts should inflation pressures ease. The current inflation rate stands at 3.6%. The latest data shows that Australia experienced a GDP growth of 1.2%. Earlier this week, the ANZ job advertisements data showed that there was a decline of 2.1% in the number of job advertisements. Australian trade surplus widened in recent months due to rise in exports of coal and other natural resources. Market reaction to last ... (full story)