Australian dollar hovering ahead of jobs data
THE Australian dollar is hovering as investors await the release of local jobs figures on Thursday.
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THE Australian dollar is hovering as investors await the release of local jobs figures on Thursday.
At 0630 AEDT on Wednesday, the local currency was trading at 81.59 US cents, up slightly from 81.56 cents on Tuesday.
Australia’s unemployment rate is expected to hold steady at its 12-year high of 6.3 per cent when official jobs figures for December are released later this week.
Economists will pay close attention to the figures because a deterioration of the labour market could suggest another rate cut from the Reserve Bank is needed.
Originally published as Australian dollar hovering ahead of jobs data
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