{"id":137921,"date":"2025-11-13T17:17:26","date_gmt":"2025-11-13T17:17:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/137921\/"},"modified":"2025-11-13T17:17:26","modified_gmt":"2025-11-13T17:17:26","slug":"aud-rallies-as-strong-jobs-data-eases-rba-cut-expectations-ing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/137921\/","title":{"rendered":"AUD rallies as strong jobs data eases RBA cut expectations \u2013 ING"},"content":{"rendered":"

Australia\u2019s labor market surprised to the upside in October. The data eases pressure on the Reserve Bank of Australia to deliver near-term rate cuts, lifting the Australian Dollar (USD), which strategists see climbing toward 0.68 by mid-2026, ING’s FX analyst Francesco Pesole notes.<\/p>\n

RBA to pause for longer after robust labor report<\/p>\n

“Australian jobs data for October came in strong overnight. The unemployment rate dropped back to 4.3%, suggesting the 4.5% September jump was a blip. The economy added jobs at the fastest pace (42k) since April, entirely driven by full-time hiring.” <\/p>\n

“AUD is rallying as the prospect of more RBA easing continues to be delayed: we expect only one more cut in 2026. The Aussie dollar<\/a> remains our favorite G10 currency into the new year, and we target a move to 0.68 by mid-2026.”<\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s labor market surprised to the upside in October. The data eases pressure on the Reserve Bank of…\n","protected":false},"author":2,"featured_media":137922,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-137921","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/137921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=137921"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/137921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/137922"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=137921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=137921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=137921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}