Australian Jobs Surge Reignites Talk of Rate Hike

Australian employment surged past all forecasts for a fifth straight month in January while the jobless rate surprised by diving to an 11-month low, reigniting talk that interest rates would have to go up as early as March.

The Australian dollar jumped three quarters of a U.S. cent and bill futures sank as the market bet that the Reserve Bank of Australia (RBA) would be jolted out its current caution and lift rates to 4.0 percent on March 2.


For more Australian Economic Indicators visit FXEconostats

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza