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Australian Bureau of Statistics reports unemployment rate drops to 4.1%, exceeding expectations

Australia’s unemployment rate dropped to 4.1%, exceeding expectations with 65.2K new jobs. This positive shift pressures the Reserve Bank, suggesting potential interest rate hikes as the economy gains momentum. – vtmarketsmy.com

GBP/USD pair fluctuates above 1.3400 as traders await US economic data

The GBP/USD pair hovers above 1.3400, with limited movement as traders await key US economic data. Anticipate shifts in trading dynamics amid mixed signals from both economies. – vtmarketsmy.com

Part-time employment in Australia fell to 10.4K in December, down from 35.2K previously

The Japanese Yen is declining due to fiscal concerns and positive market sentiment ahead of the Bank of Japan’s policy meeting, leading to favorable trading opportunities in various currency pairs and gold options. – vtmarketsmy.com

In December, Australia’s full-time employment increased by 54.8K, recovering from a previous decline of -56.5K.

Australia’s surprising employment surge of 54.8K in December could shift the Reserve Bank’s policy stance. As global markets fluctuate, investors should prepare for volatility and reassess strategies around the Australian dollar. – vtmarketsmy.com

In December, Australia’s actual unemployment rate was 4.1%, which was lower than expected.

Australia’s unemployment rate dropped to 4.1%, surprising analysts and indicating economic resilience. This strengthens the Australian dollar and suggests traders adjust expectations for future interest rate cuts. – vtmarketsmy.com

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