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Australia’s unemployment rate rose to 4.7% in September, while employment fell by 39,300, well below expectations for an increase. The weaker figures reduced market expectations for an imminent RBA rate increase, and the Australian dollar fell as much as 1.1% to 68.94 US cents.
Weaker employment data lowered expectations for Australian interest rates, putting downward pressure on the Australian dollar. A weaker currency can make imported feed ingredients and other inputs more expensive in Australia.
sibelle.orgHoracio Brakus JDNov 7, 2026
wvrx.orgFrancesca Jacobs RetNov 7, 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.
