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Rate cuts are back on the table in Australia after the economy shed 5.5K jobs in December vs....
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Wednesday, January 16, 11:15 PM ETRate cuts are back on the table in Australia after the economy shed 5.5K jobs in December vs. expectations of a gain of 4.5K. It's the first negative print since August. All of the losses were in full-time employment, which lost 13.8K jobs, and the unemployment rate ticked up to 5.4%. The aussie is now buying $1.0502 vs. $1.0570 before the number. Stocks push close to a 2-year high, the ASX 200 +0.6%.
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