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Australian jobs kills off chance of RBA cutting rates near term - JPMorgan

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - According to Stephen Walters, Chief Economist for J.P. Morgan Australia, the Australian employment numbers was, across the board, unequivocally, a strong number.

    Key Quotes

    "Jobs are being lost in mining but we're getting other jobs in areas like retailing and transport and tourism."

    "Kills off any chance of the RBA cutting interest rates in the near term, but you can't rule it out next year."
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