Forex Blog

February 11, 2010

Australian Jobs Surge Reignites Talk of Rate Hike

Australian employment surged past all forecasts for a fifth straight month in January while the jobless rate surprised by diving to an 11-month low, reigniting talk that interest rates would have to go up as early as March.

The Australian dollar jumped three quarters of a U.S. cent and bill futures sank as the market bet that the Reserve Bank of Australia (RBA) would be jolted out its current caution and lift rates to 4.0 percent on March 2.

CNBC

Economic Indicators

For more Australian Economic Indicators visit FXEconostats

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by Efacilitators Hosting