# Australian Dollar Plummets: Weak Jobs Data Dampens RBA Rate Hike Hopes (2026)

> 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.

- Date: 2026-11-07 · published 2026-11-07T15:10:06.439Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/86150-australian-dollar-plummets-weak-jobs-data-dampens-rba-rate-hike-hopes-2026
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- sibelle.org: https://sibelle.org/article/australian-dollar-plummets-weak-jobs-data-dampens-rba-rate-hike-hopes
- wvrx.org: https://wvrx.org/article/australian-dollar-plummets-weak-jobs-data-dampens-rba-rate-hike-hopes

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