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Australian employment fell 18,600 in April while the unemployment rate rose to 4.5%, the highest since November 2021. Markets cut the June RBA hike probability to about 8%.
A softer labour market reduces the likelihood of further RBA tightening, which weighs on the AUD and modestly lowers the currency's support for Australian commodity export prices.
investing.comMay 21, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
