Core Viewpoint - The AUD/USD currency pair experienced a slight decline during the Asian trading session, retreating from its highest level since September 17, influenced by mixed Australian employment data [2] Group 1: Australian Employment Data - The Australian Bureau of Statistics reported that the unemployment rate remained stable at 4.3%, below the market expectation of 4.4%, indicating resilience in the labor market [2] - Employment numbers fell unexpectedly by 213,000, significantly lower than the revised increase of 411,000 in October and below the market forecast of a 20,000 increase [2] - Full-time employment decreased by 56,500, while part-time employment increased by 35,200, showing a certain degree of structural divergence in employment [2] Group 2: Monetary Policy and Currency Support - The Reserve Bank of Australia's (RBA) hawkish policy stance provided crucial support for the Australian dollar, as it maintained the benchmark interest rate at 3.6% during the recent monetary policy meeting [2] - RBA Governor Bullock indicated that the board discussed potential future rate hikes and emphasized that further rate cuts are not necessary in the current economic environment, reinforcing hawkish expectations for RBA policy [2] - The weak performance of the US dollar, following the Federal Reserve's decision to lower the federal funds rate target range to 3.75%-4.00%, also contributed to the support for the AUD/USD pair [3] Group 3: Market Sentiment and Future Expectations - Market participants interpreted Fed Chair Powell's comments on significant downside risks to the US labor market positively, leading to expectations of two potential rate cuts by the Fed in 2026, which diminished the dollar's safe-haven appeal [3] - The combination of the RBA's hawkish stance and the weakness of the US dollar is expected to continue limiting the downside potential of the AUD/USD currency pair [3]
STARTRADER外汇：澳元兑美元小幅回落 澳大利亚就业数据表现分化
Sou Hu Cai Jing·2025-12-11 02:27