Australia's unemployment rate unexpectedly fell to 4.9% in April from 5.2% in March, vs....

|By:, SA News Editor

Australia's unemployment rate unexpectedly fell to 4.9% in April from 5.2% in March, vs. expectations of a rise to 5.3%. The surprise move makes it difficult to predict the RBA's future interest-rate policy, but underscores the relative robustness of Australia's economy. The Aussie dollar rebounded after the data (+0.7% vs. USD).