- Thursday saw an upbeat day for the AUD/USD pair, even in the face of a rising Unemployment Rate from 4.1% to 4.2%, according to the Australian Bureau of Statistics (ABS).
- Despite this, the strong performance of the Australian Employment Change and Full-Time Employment results, which both surpassed expectations, helped support the AUD.
- Meanwhile, the RBA continues to maintain its hawkish stance, and it all points out that it may be the last among the G10 central banks to implement interest rate cuts.
- On the contrary, the Federal Reserve (Fed) seems poised to facilitate easing in the foreseeable future, a disparity that can potentially benefit the AUD/USD pair in the months to come.
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