FXStreet (Bali) – According to ANZ Research Team, the risks to the cash rate in Australia remains tilted to the down side, despite the better-than-expected Australian jobs report on Thursday.
Key Quotes
“Concerns around a further jump in the unemployment rate proved unfounded, while employment rose above market expectations in yesterday’s August labour force data.”
“Importantly, the employment-to-population ratio continued to rise, signalling a slowly improving labour market.”
“However, we still think employment growth will eventually slow, in line with the soft domestic and global economies.”
“Therefore the risks to the cash rate remain tilted to the down side.”
(Market News Provided by FXstreet)