# Australia's jobs race ahead in blow to early rate cut calls

> Australian employment grew faster than expected, reducing the chance of early RBA rate cuts. The Australian dollar edged up 0.2% to $0.6781 while bond futures fell. Markets trimmed the probability of a December easing to 62%.

- Date: 2024-09-19 · published 2024-09-19T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28579-australia-s-jobs-race-ahead-in-blow-to-early-rate-cut-calls
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger Australian labour markets keep the RBA restrictive, supporting the AUD, with little direct impact on grain or oilseed prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/australia-employment-jumps-47500-aug-jobless-stays-42-2024-09-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.