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Australian dollar stung as jobs blow slashes chance of rate rise
SYDNEY: The Australian dollar swerved lower on Thursday after a surprisingly soft jobs report led investors to scale back wagers on another rise in interest rates, fuelling a much-needed rally in the bond market. The Aussie slid 0.4% to $0.6945, having already peeled away from a top of $0.7014 overnight as the greenback climbed. Support now lies around $0.6933, and a recent 13-week trough of $0.6904. Data showed Australian employment fell 39,300 in September, the largest drop since early last year and a shock to analysts who had looked for a rise of 20,000. The jobless rate stayed at a five-ye...
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