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