# The Australian Dollar Rises after Jobs Data Quells Fears of RBA Rate Cuts but Westpac Says It's a Sell

> The Australian dollar rose against most major rivals after November jobs data showed 39.9k new jobs versus 14.5k expected, with unemployment falling to 5.2%. Westpac tipped the currency as a sell on expected 2020 slowdown.

- Date: 2019-12-20 · published 2019-12-20T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55812-the-australian-dollar-rises-after-jobs-data-quells-fears-of-rba-rate-cuts-but
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Easing expectations of RBA rate cuts strengthens the Aussie, a macro currency move with no direct supply or demand effect on feed grains.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/12560-the-australian-dollar-rises-on-strong-jobs-data-but-is-sold-at-westpac

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