# The Australian Dollar Waits on Jobs Data after U.S.-China Trade Deal Hopes Knocked

> The Australian dollar was supported after the Reserve Bank of New Zealand unexpectedly held its cash rate at 1%. Traders were waiting on Australian jobs data and US-China trade talks, with the RBA expected to hold rates for an extended period.

- Date: 2019-11-13 · published 2019-11-13T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56330-the-australian-dollar-waits-on-jobs-data-after-u-s-china-trade-deal-hopes
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expectations of extended low Australian rates limit Aussie dollar gains, which affects Australian export pricing for grains and meat. Trade-talk headlines add risk to dollar-linked commodity prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/12391-australian-dollar-aided-by-rbnz-decision-but-jobs-data-and-u-s-china-talks-could-weigh

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