AUD: ANZ job ads data point to stronger economic picture – TDS

FXStreet (Delhi) – Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that the Australia’s ANZ Job ads gained 0.4% in Oct following the 3.8% rise in Sep and 1.3% gain in August.

Key Quotes

“This series is now close to the highest level in 3 years and supports the RBA’s decision to hold off from cutting rates, the Bank taking the view that employment conditions are firm as the economy makes the transition away from the mining sectors to the non-mining segments of the economy.”

Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that the Australia’s ANZ Job ads gained 0.4% in Oct following the 3.8% rise in Sep and 1.3% gain in August.

(Market News Provided by FXstreet)