Commonwealth Bank of Australia said on Thursday its view that Reserve Bank of Australia will cut rates from 0.75% to 0.50% in April has been reinforced by the Aussie January labor market data, according to Reuters News. The Australian Bureau of Statistics reported on Thursday that the unemployment rate has risen ticked higher to 5.3% in January from December’s 5.1% and economists are expecting to rise further in the coming months. While the jobless rate increased, Full-Time Employment also rose by 46,200. The CBA added further that the March meeting will be “live”, meaning the central bank may use that event to set the stage for a rate cut in April. The RBA kept rates unchanged earlier this month and signaled it may maintain the status quo for some time. With coronavirus fears dominating the sentiment, markets were expecting the RBA to hint at a rate cut. 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 USD/CHF Price Analysis: Struggles between short-term rising trendline, 200-day SMA FX Street 2 years Commonwealth Bank of Australia said on Thursday its view that Reserve Bank of Australia will cut rates from 0.75% to 0.50% in April has been reinforced by the Aussie January labor market data, according to Reuters News. The Australian Bureau of Statistics reported on Thursday that the unemployment rate has risen ticked higher to 5.3% in January from December's 5.1% and economists are expecting to rise further in the coming months. While the jobless rate increased, Full-Time Employment also rose by 46,200. The CBA added further that the March meeting will be "live", meaning the central bank may use that… 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.
