Some comments via Deutsche on the jobs report due from Australia at 0030GMT on 19 December 2019
- (preview here BTW: Australian jobs report due Thursday - preview )
DB:
- all eyes will be on the unemployment rate, to lead wage growth.
- market looking for 5.3%
- the very short term risk around the release is probably to the topside but a move down to 5.2% won't be enough to stop the RBA cutting in February so it could give us an opportunity to add to shorts
