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Australia employment unexpectedly slides
SYDNEY: Australian employment unexpectedly fell in September, data showed on Thursday, while the unemployment rate held at a five-year high, a soft result that had investors paring back wagers on another hike in interest rates. Markets now imply a nearly 90 percent chance the Reserve Bank of Australia will leave interest rates unchanged at 4.6 percent in November, up from 66 percent before the data, after delivering four rate hikes this year. The chance of a move in December has fallen to just 31percent, with another rate increase no longer fully priced in. The Australian dollar slipped 0.2 pe...
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