Loading…
Australia's seasonally adjusted unemployment rate rose to 5.2% in April, up from 4.9% in February, despite 28,000 new jobs. The weaker-than-expected figure briefly pushed the Australian dollar below 69 US cents, its lowest in more than three years.
Rising unemployment increases pressure on the RBA to cut rates, which weakens the AUD and reflects softer domestic demand in a major commodity exporter.
abc.net.auStephen LettsMay 16, 2019Not 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.
