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The Australian dollar fell as much as 1.1 percent to 68.94 US cents, its lowest since early July, after September employment data came in weaker than expected. Unemployment rose to 4.7 percent and total employment fell by 39,300, against forecasts of a 20,000 gain.
Market odds for a November RBA hike dropped from almost one in three to almost one in ten.
A weaker Australian dollar lowers the US-dollar cost of Australian grain and meal exports, which can soften offer prices. The weaker labour data also reduces the chance of near-term rate hikes that would have supported the currency.
ziontile.comGreg O'ConnellOct 31, 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.
