The jobs data is here, a weakening in labour market growth:
That unemployment rate is the highest in 3.5 years.
AUD/USD has been taken a little lower. The USD is a little better bid across the board, but AUD the underperformer now:
AUD/USD lower after the jump in Australia's unemployment ensures an RBA August rate cut
- As a caveat a cut at the last meeting was more or less assured also and the RBA stayed on hold, so bear that in mind re my prediction.
