Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that the Australian unemployment rate remained at 5.4% in June, although this masks a solid report: employment expanded by +51k (TD +20k, mkt +16.5%) via an outsized rebound in full-time (+41k). Key Quotes “As the participation rate climbed back to 65.7%, the RBA can still claim that a half-percentage-point of spare capacity exists in the labour market.” “We do not expect lasting strength due to: (1) the unemployment rate remaining above 5%; (2) Q2 CPI next week is likely to reveal business-as-usual 2%/y underlying inflation; and (3) Q2 WCI is released August 15, and growth is likely to be much closer to 2%/y than the RBA ‘target’ of 3%/y. The latter two are far more important policy hurdles, not today’s report.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Fed Beige Book indicates steady growth – Nomura FX Street 5 years Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that the Australian unemployment rate remained at 5.4% in June, although this masks a solid report: employment expanded by +51k (TD +20k, mkt +16.5%) via an outsized rebound in full-time (+41k). Key Quotes "As the participation rate climbed back to 65.7%, the RBA can still claim that a half-percentage-point of spare capacity exists in the labour market." "We do not expect lasting strength due to: (1) the unemployment rate remaining above 5%; (2) Q2 CPI next week is likely to reveal business-as-usual 2%/y underlying inflation; and (3) Q2 WCI is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
