FXStreet (Bali) – Australia May labour force data, released later today, is expected to be benign, notes Sean Callow, FX Strategist at Westpac.
Key Quotes
“Australia May labour force data will be released at 11:30am Syd/9:30am Sing/HK. Employment is expected to be benign; Westpac is forecasting a 12k rise and the market median is 15k. Holding the participation rate flat at 64.8% and assuming constant population growth, this leaves the unemployment rate at 6.2%, rounded down. This suggests there is an upside risk in the unemployment rate.”
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