Australian employment: Hard to believe - RBC Capital Markets

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - Michael Turner, Currency Strategist at RBC Capital Markets, notes that the Australian employment report is hard to believe.

    Key Quotes

    "The pace had been getting better over the last two to three months and I don't want to say that these numbers are completely out of the realm of possibility."

    "We are still calling for a rate cut in the first quarter of next year
    From a bigger picture perspective, there are bigger forces at work that will keep pressure on the cash rate over the long term but that is not the story today."
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